Sierra Capital LLC Has $12.21 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sierra Capital LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,501 shares of the e-commerce giant’s stock after buying an additional 10,640 shares during the period. Amazon.com makes up 1.5% of Sierra Capital LLC’s holdings, making the stock its 20th biggest holding. Sierra Capital LLC’s holdings in Amazon.com were worth $12,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. lifted its position in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the period. Quent Capital LLC lifted its position in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. Empowered Funds LLC lifted its position in Amazon.com by 13.5% during the 1st quarter. Empowered Funds LLC now owns 185,064 shares of the e-commerce giant’s stock valued at $33,382,000 after purchasing an additional 22,071 shares during the period. PFG Advisors lifted its position in Amazon.com by 4.5% during the 1st quarter. PFG Advisors now owns 62,181 shares of the e-commerce giant’s stock valued at $11,216,000 after purchasing an additional 2,681 shares during the period. Finally, Aull & Monroe Investment Management Corp lifted its position in Amazon.com by 6.6% during the 1st quarter. Aull & Monroe Investment Management Corp now owns 1,578 shares of the e-commerce giant’s stock valued at $285,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $197.12 on Monday. The business has a fifty day simple moving average of $193.00 and a two-hundred day simple moving average of $186.29. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMZN. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Bank of America increased their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $235.77.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.