Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Old Port Advisors

Old Port Advisors increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,945 shares of the e-commerce giant’s stock after buying an additional 171 shares during the quarter. Old Port Advisors’ holdings in Amazon.com were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penney Financial LLC raised its stake in Amazon.com by 6.3% during the third quarter. Penney Financial LLC now owns 2,599 shares of the e-commerce giant’s stock worth $484,000 after purchasing an additional 155 shares during the period. SK Wealth Management LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $1,142,000. IMS Capital Management raised its position in shares of Amazon.com by 2.3% during the 3rd quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant’s stock valued at $8,945,000 after buying an additional 1,078 shares during the period. Syntax Research Inc. lifted its holdings in Amazon.com by 10.8% in the third quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock valued at $801,000 after acquiring an additional 420 shares during the last quarter. Finally, SMART Wealth LLC grew its position in Amazon.com by 41.1% in the third quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant’s stock worth $1,363,000 after acquiring an additional 2,132 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. Evercore ISI lifted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $220.66 on Friday. The company has a market capitalization of $2.32 trillion, a PE ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00. The stock’s 50 day moving average price is $217.35 and its 200 day moving average price is $195.93. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its 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 business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

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.