Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the third quarter, HoldingsChannel reports. The fund owned 54,724 shares of the e-commerce giant’s stock after purchasing an additional 145 shares during the quarter. Amazon.com comprises about 6.0% of Greater Midwest Financial Group LLC’s investment portfolio, making the stock its 7th biggest holding. Greater Midwest Financial Group LLC’s holdings in Amazon.com were worth $10,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. lifted its stake in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Schear Investment Advisers LLC increased its position in shares of Amazon.com by 6.2% in the first quarter. Schear Investment Advisers LLC now owns 22,037 shares of the e-commerce giant’s stock valued at $3,975,000 after acquiring an additional 1,287 shares during the period. Smith Shellnut Wilson LLC ADV grew its position in shares of Amazon.com by 2.6% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 6,155 shares of the e-commerce giant’s stock worth $1,110,000 after buying an additional 156 shares during the last quarter. Paces Ferry Wealth Advisors LLC increased its position in shares of Amazon.com by 0.4% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 31,010 shares of the e-commerce giant’s stock valued at $5,594,000 after buying an additional 117 shares during the period. Finally, High Note Wealth LLC lifted its stake in shares of Amazon.com by 6.0% in the 1st quarter. High Note Wealth LLC now owns 42,297 shares of the e-commerce giant’s stock valued at $7,629,000 after purchasing an additional 2,401 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $202.61 on Friday. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90. The company’s 50 day moving average is $191.16 and its 200 day moving average is $185.69. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.44 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Needham & Company LLC boosted their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. 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 research report on Friday, November 1st. Wedbush raised their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Two 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. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last ninety days. 10.80% of the stock is currently owned by insiders.

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.