Alternative Investment Advisors LLC. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Alternative Investment Advisors LLC. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, Holdings Channel.com reports. The fund owned 10,164 shares of the e-commerce giant’s stock after acquiring an additional 215 shares during the quarter. Amazon.com makes up about 1.0% of Alternative Investment Advisors LLC.’s holdings, making the stock its 20th biggest holding. Alternative Investment Advisors LLC.’s holdings in Amazon.com were worth $1,894,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. raised its holdings in shares of Amazon.com by 15.1% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after acquiring an additional 5,300 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Amazon.com by 7.0% during the second quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock worth $14,096,000 after purchasing an additional 4,749 shares in the last quarter. Instrumental Wealth LLC increased its position in shares of Amazon.com by 1.3% in the second quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock worth $907,000 after purchasing an additional 64 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Amazon.com by 5.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock valued at $8,785,000 after purchasing an additional 2,332 shares in the last quarter. Finally, Park Edge Advisors LLC lifted its position in Amazon.com by 5.9% during the second quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant’s stock valued at $2,205,000 after purchasing an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Redburn Atlantic increased their price target 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. Scotiabank increased their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Loop Capital lifted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Two 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.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Stock Up 2.4 %

Shares of NASDAQ:AMZN opened at $225.94 on Friday. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day moving average price of $217.56 and a 200-day moving average price of $196.10. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

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.