Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Knuff & Co LLC

Knuff & Co LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,503 shares of the e-commerce giant’s stock after acquiring an additional 2,169 shares during the period. Amazon.com accounts for 2.5% of Knuff & Co LLC’s investment portfolio, making the stock its 9th biggest holding. Knuff & Co LLC’s holdings in Amazon.com were worth $8,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $53,577,000. Lindenwold Advisors INC grew its position in Amazon.com by 1.0% in the third quarter. Lindenwold Advisors INC now owns 21,197 shares of the e-commerce giant’s stock worth $3,950,000 after acquiring an additional 202 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 124,811 shares of the e-commerce giant’s stock worth $23,256,000 after purchasing an additional 353 shares during the last quarter. Baron Wealth Management LLC raised its holdings in shares of Amazon.com by 1.2% during the 3rd quarter. Baron Wealth Management LLC now owns 10,003 shares of the e-commerce giant’s stock valued at $1,864,000 after purchasing an additional 122 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its stake in shares of Amazon.com by 83.0% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 29,947 shares of the e-commerce giant’s stock valued at $5,580,000 after purchasing an additional 13,584 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.5 %

Shares of NASDAQ AMZN opened at $223.75 on Monday. The business has a fifty day moving average of $209.73 and a two-hundred day moving average of $192.89. 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 $144.05 and a 52-week high of $233.00. The stock has a market cap of $2.35 trillion, a PE ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16.

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

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Redburn Atlantic upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America lifted 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. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com 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.