Exchange Traded Concepts LLC Has $69.43 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Exchange Traded Concepts LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 372,592 shares of the e-commerce giant’s stock after purchasing an additional 10,581 shares during the period. Amazon.com makes up about 1.6% of Exchange Traded Concepts LLC’s investment portfolio, making the stock its 9th biggest holding. Exchange Traded Concepts LLC’s holdings in Amazon.com were worth $69,425,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. OMNI 360 Wealth Inc. boosted its holdings in Amazon.com by 8.3% during the first quarter. OMNI 360 Wealth Inc. now owns 3,255 shares of the e-commerce giant’s stock worth $587,000 after purchasing an additional 249 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Amazon.com by 2.0% during the first quarter. Valley National Advisers Inc. now owns 47,296 shares of the e-commerce giant’s stock worth $8,531,000 after purchasing an additional 918 shares during the last quarter. Lake Street Private Wealth LLC boosted its holdings in Amazon.com by 5.0% during the first quarter. Lake Street Private Wealth LLC now owns 83,009 shares of the e-commerce giant’s stock worth $14,973,000 after purchasing an additional 3,987 shares during the last quarter. United Capital Management of KS Inc. boosted its holdings in Amazon.com by 3.9% during the first quarter. United Capital Management of KS Inc. now owns 85,129 shares of the e-commerce giant’s stock worth $15,356,000 after purchasing an additional 3,231 shares during the last quarter. Finally, Red Tortoise LLC boosted its holdings in Amazon.com by 2.2% during the first quarter. Red Tortoise LLC now owns 4,249 shares of the e-commerce giant’s stock worth $766,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.9 %

AMZN opened at $208.18 on Friday. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. 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 firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The company’s 50 day moving average price is $187.83 and its two-hundred day moving average price is $184.62.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 5.24 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Robert W. Baird increased 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. Piper Sandler increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Wedbush increased their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen increased their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $234.55.

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.