Novare Capital Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Novare Capital Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, HoldingsChannel.com reports. The fund owned 131,949 shares of the e-commerce giant’s stock after acquiring an additional 1,836 shares during the quarter. Amazon.com accounts for 2.1% of Novare Capital Management LLC’s holdings, making the stock its 10th biggest position. Novare Capital Management LLC’s holdings in Amazon.com were worth $24,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GenTrust LLC grew its holdings in Amazon.com by 1.4% during the first quarter. GenTrust LLC now owns 37,195 shares of the e-commerce giant’s stock worth $6,709,000 after buying an additional 525 shares in the last quarter. Horizon Bancorp Inc. IN lifted its stake in Amazon.com by 2.5% in the first quarter. Horizon Bancorp Inc. IN now owns 3,793 shares of the e-commerce giant’s stock valued at $684,000 after purchasing an additional 94 shares during the last quarter. FORVIS Wealth Advisors LLC grew its stake in shares of Amazon.com by 68.0% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock worth $10,985,000 after acquiring an additional 24,644 shares during the period. Mezzasalma Advisors LLC boosted its position in Amazon.com by 7.7% during the first quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock worth $9,642,000 after purchasing an additional 3,842 shares during the period. Finally, Kesler Norman & Wride LLC raised its holdings in Amazon.com by 145.9% during the 1st quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock valued at $3,065,000 after acquiring an additional 10,082 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities boosted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Morgan Stanley lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Susquehanna upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Trading Down 0.6 %

Shares of AMZN opened at $206.84 on Tuesday. The firm’s fifty day moving average is $187.83 and its two-hundred day moving average is $184.71. The stock has a market cap of $2.17 trillion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. 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, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25.

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 firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,859 shares of company stock worth $10,215,097. 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.