IQ EQ FUND MANAGEMENT IRELAND Ltd Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,457 shares of the e-commerce giant’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amplius Wealth Advisors LLC raised its position in Amazon.com by 0.9% during the third quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock valued at $2,711,000 after acquiring an additional 132 shares in the last quarter. Indiana Trust & Investment Management Co boosted its position in Amazon.com by 15.2% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock worth $7,901,000 after purchasing an additional 5,600 shares in the last quarter. LaFleur & Godfrey LLC grew its stake in shares of Amazon.com by 38.8% during the 3rd quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock worth $9,046,000 after purchasing an additional 13,560 shares during the period. Baskin Financial Services Inc. increased its holdings in shares of Amazon.com by 1.1% during the 3rd quarter. Baskin Financial Services Inc. now owns 242,387 shares of the e-commerce giant’s stock valued at $45,164,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Transform Wealth LLC boosted its holdings in Amazon.com by 1.6% during the third quarter. Transform Wealth LLC now owns 137,220 shares of the e-commerce giant’s stock worth $25,568,000 after buying an additional 2,225 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Piper Sandler increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Stock Performance

Shares of AMZN stock opened at $202.61 on Friday. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The company’s 50-day simple moving average is $190.54 and its 200-day simple moving average is $185.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

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.