Summit Place Financial Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, HoldingsChannel.com reports. The fund owned 16,196 shares of the e-commerce giant’s stock after purchasing an additional 89 shares during the period. Amazon.com makes up approximately 1.7% of Summit Place Financial Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Summit Place Financial Advisors LLC’s holdings in Amazon.com were worth $3,018,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Institutional investors own 72.20% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Rosenblatt Securities boosted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $236.20.
Amazon.com Stock Up 1.4 %
Amazon.com stock opened at $210.71 on Tuesday. The firm has a 50 day moving average price of $194.78 and a two-hundred day moving average price of $186.94. 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, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 45.12, a PEG ratio of 1.39 and a beta of 1.14.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.
Insider Activity
In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com 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 transaction, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock worth $1,252,148,795 in the last quarter. 10.80% of the stock is owned by corporate insiders.
Amazon.com Company 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.
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