Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 326,144 shares of the e-commerce giant’s stock after buying an additional 3,234 shares during the quarter. Amazon.com comprises approximately 9.4% of Iron Gate Global Advisors LLC’s holdings, making the stock its 3rd largest position. Iron Gate Global Advisors LLC’s holdings in Amazon.com were worth $60,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Tevis Investment Management lifted its stake in shares of Amazon.com by 5.7% in the second quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock worth $731,000 after buying an additional 203 shares during the last quarter. Bridge Advisory LLC lifted its stake in shares of Amazon.com by 4.9% in the second quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock worth $1,810,000 after buying an additional 440 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Amazon.com by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock worth $20,945,000 after buying an additional 3,042 shares during the last quarter. U S Global Investors Inc. lifted its stake in shares of Amazon.com by 117.8% in the second quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock worth $2,315,000 after buying an additional 6,480 shares during the last quarter. Finally, Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in Amazon.com during the 2nd quarter valued at $3,865,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ:AMZN opened at $218.94 on Friday. Amazon.com, Inc. has a 12 month low of $149.91 and a 12 month high of $233.00. The company’s 50-day moving average price is $216.20 and its two-hundred day moving average price is $195.34. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.30 trillion, a P/E ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Mizuho upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities upped their target price 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. Finally, TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.67.

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.