Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Global Assets Advisory LLC

Global Assets Advisory LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,693 shares of the e-commerce giant’s stock after buying an additional 2,285 shares during the quarter. Amazon.com accounts for approximately 3.7% of Global Assets Advisory LLC’s holdings, making the stock its 5th largest position. Global Assets Advisory LLC’s holdings in Amazon.com were worth $7,163,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the first quarter valued at $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com during the second quarter worth about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $207.86 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a fifty day moving average price of $193.75 and a two-hundred day moving average price of $186.52. The company has a market cap of $2.19 trillion, a PE ratio of 44.51, a P/E/G ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

About Amazon.com

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.