L. Roy Papp & Associates LLP Purchases 363 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

L. Roy Papp & Associates LLP raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund owned 13,430 shares of the e-commerce giant’s stock after purchasing an additional 363 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Amazon.com were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. West Bancorporation Inc. lifted its stake in Amazon.com by 2.2% in the 3rd quarter. West Bancorporation Inc. now owns 4,236 shares of the e-commerce giant’s stock valued at $789,000 after purchasing an additional 92 shares during the last quarter. Custom Index Systems LLC raised its stake in Amazon.com by 3.2% in the third quarter. Custom Index Systems LLC now owns 13,876 shares of the e-commerce giant’s stock valued at $2,586,000 after buying an additional 426 shares during the period. Sterling Investment Advisors Ltd. lifted its position in shares of Amazon.com by 1.2% in the third quarter. Sterling Investment Advisors Ltd. now owns 73,754 shares of the e-commerce giant’s stock valued at $13,743,000 after buying an additional 890 shares during the last quarter. OMNI 360 Wealth Inc. boosted its stake in shares of Amazon.com by 63.8% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 6,225 shares of the e-commerce giant’s stock worth $1,160,000 after acquiring an additional 2,424 shares during the period. Finally, Park Edge Advisors LLC increased its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. Park Edge Advisors LLC now owns 11,572 shares of the e-commerce giant’s stock worth $2,156,000 after acquiring an additional 162 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMZN shares. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Redburn Atlantic lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were 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 owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $207.89 on Monday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.39 and a beta of 1.14. The firm has a 50 day simple moving average of $194.78 and a 200 day simple moving average of $186.94.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.