Amazon.com, Inc. (NASDAQ:AMZN) is EMC Capital Management’s 4th Largest Position

EMC Capital Management raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,735 shares of the e-commerce giant’s stock after purchasing an additional 135 shares during the quarter. Amazon.com makes up approximately 6.3% of EMC Capital Management’s portfolio, making the stock its 4th largest holding. EMC Capital Management’s holdings in Amazon.com were worth $15,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. CacheTech Inc. boosted its holdings in shares of Amazon.com by 7.8% in the third quarter. CacheTech Inc. now owns 16,430 shares of the e-commerce giant’s stock worth $3,061,000 after acquiring an additional 1,192 shares during the period. Americana Partners LLC grew its holdings in Amazon.com by 12.7% during the 3rd quarter. Americana Partners LLC now owns 157,273 shares of the e-commerce giant’s stock valued at $29,305,000 after buying an additional 17,694 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Amazon.com by 6.7% during the third quarter. Gladstone Institutional Advisory LLC now owns 164,487 shares of the e-commerce giant’s stock valued at $30,649,000 after buying an additional 10,271 shares during the period. Shepherd Financial Partners LLC lifted its holdings in shares of Amazon.com by 2.8% in the third quarter. Shepherd Financial Partners LLC now owns 82,032 shares of the e-commerce giant’s stock worth $15,285,000 after buying an additional 2,218 shares in the last quarter. Finally, Fonville Wealth Management LLC boosted its position in shares of Amazon.com by 12.0% in the third quarter. Fonville Wealth Management LLC now owns 9,404 shares of the e-commerce giant’s stock valued at $1,752,000 after acquiring an additional 1,010 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMZN shares. Robert W. Baird upped their target price on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Piper Sandler lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. JMP Securities upped their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Price Performance

Shares of AMZN stock opened at $227.03 on Monday. 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 fifty-two week low of $143.64 and a fifty-two week high of $227.15. The firm has a market cap of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16. The business’s 50 day moving average price is $197.39 and its 200-day moving average price is $188.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The stock was 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 in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795. Corporate insiders own 10.80% of the company’s stock.

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.