Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by ETF Store Inc.

ETF Store Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,330 shares of the e-commerce giant’s stock after buying an additional 220 shares during the quarter. ETF Store Inc.’s holdings in Amazon.com were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Taurus Asset Management LLC grew its position in Amazon.com by 0.7% during the 3rd quarter. Taurus Asset Management LLC now owns 253,546 shares of the e-commerce giant’s stock worth $47,243,000 after purchasing an additional 1,749 shares during the period. Richard C. Young & CO. LTD. grew its holdings in Amazon.com by 2.4% during the third quarter. Richard C. Young & CO. LTD. now owns 87,746 shares of the e-commerce giant’s stock worth $16,350,000 after acquiring an additional 2,052 shares during the period. Quest Partners LLC raised its position in Amazon.com by 92.0% during the third quarter. Quest Partners LLC now owns 3,276 shares of the e-commerce giant’s stock valued at $610,000 after acquiring an additional 1,570 shares in the last quarter. Phillips Financial Management LLC lifted its holdings in Amazon.com by 2.2% in the third quarter. Phillips Financial Management LLC now owns 6,572 shares of the e-commerce giant’s stock valued at $1,225,000 after acquiring an additional 140 shares during the period. Finally, Aljian Capital Management LLC grew its stake in shares of Amazon.com by 10.4% during the 3rd quarter. Aljian Capital Management LLC now owns 242,631 shares of the e-commerce giant’s stock worth $45,209,000 after purchasing an additional 22,876 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN opened at $223.75 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The business’s fifty day moving average is $209.73 and its two-hundred day moving average is $192.85. The stock has a market capitalization of $2.35 trillion, a P/E ratio of 47.91, a P/E/G ratio of 1.54 and a beta of 1.16. 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 released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during 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%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Benchmark increased their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Finally, JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.