Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,373 shares of the e-commerce giant’s stock after acquiring an additional 100 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Amazon.com were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Capital Research Global Investors raised its stake in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Legal & General Group Plc lifted its holdings in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp grew its position in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Capital International Investors increased its stake in Amazon.com by 7.4% during the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock valued at $7,642,732,000 after buying an additional 2,932,192 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after buying an additional 1,329,150 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $227.03 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.43 and a beta of 1.16. The business has a 50-day moving average of $196.61 and a two-hundred day moving average of $187.78. Amazon.com, Inc. has a fifty-two week low of $143.64 and a fifty-two week high of $227.15.

Amazon.com (NASDAQ:AMZN) last announced 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. 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock worth $1,252,883,795 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday, October 7th. Sanford C. Bernstein lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.