Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,248 shares of the e-commerce giant’s stock after buying an additional 7,470 shares during the quarter. Amazon.com makes up about 2.8% of Great Lakes Retirement Inc.’s holdings, making the stock its 5th largest position. Great Lakes Retirement Inc.’s holdings in Amazon.com were worth $21,847,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC boosted its holdings in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Zhang Financial LLC lifted its holdings in Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after purchasing an additional 5,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC grew its holdings in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after buying an additional 19,231 shares in the last quarter. Finally, Stonekeep Investments LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $2,588,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 3.2 %

Shares of NASDAQ:AMZN opened at $207.86 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 44.51, a P/E/G ratio of 1.32 and a beta of 1.14. The stock has a 50 day moving average price of $193.75 and a 200-day moving average price of $186.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group raised their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank lifted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Needham & Company LLC increased their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Company Profile

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.