BLB&B Advisors LLC Purchases 120 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BLB&B Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 157,882 shares of the e-commerce giant’s stock after purchasing an additional 120 shares during the quarter. Amazon.com accounts for approximately 1.5% of BLB&B Advisors LLC’s holdings, making the stock its 18th biggest holding. BLB&B Advisors LLC’s holdings in Amazon.com were worth $29,418,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. PayPay Securities Corp lifted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com during the 2nd quarter worth about $77,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $197.12 on Monday. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a 50 day moving average of $193.00 and a 200-day moving average of $186.29. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. UBS Group upped their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JMP Securities upped their target price on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Finally, Benchmark upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com 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.