IMPACTfolio LLC Buys 100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

IMPACTfolio LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,280 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the quarter. IMPACTfolio LLC’s holdings in Amazon.com were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Garrison Point Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. boosted its stake in shares of Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC increased its position in shares of Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $192.73 on Thursday. Amazon.com, Inc. has a fifty-two week low of $131.71 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $2.02 trillion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm’s fifty day moving average price is $184.20 and its 200-day moving average price is $183.64.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock worth $9,215,048 over the last ninety days. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Scotiabank started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price objective for the company. Finally, Truist Financial increased their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $236.76.

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.