Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 3rd quarter, Holdings Channel reports. The fund owned 234,154 shares of the e-commerce giant’s stock after buying an additional 1,677 shares during the period. Amazon.com comprises about 3.8% of Weatherly Asset Management L. P.’s portfolio, making the stock its 4th largest position. Weatherly Asset Management L. P.’s holdings in Amazon.com were worth $43,630,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Capital Advisors Inc. OK lifted its stake in shares of Amazon.com by 0.9% during the 3rd quarter. Capital Advisors Inc. OK now owns 682,670 shares of the e-commerce giant’s stock worth $127,202,000 after purchasing an additional 6,151 shares during the last quarter. Roanoke Asset Management Corp NY raised its holdings in Amazon.com by 1.5% in the third quarter. Roanoke Asset Management Corp NY now owns 38,930 shares of the e-commerce giant’s stock worth $7,254,000 after purchasing an additional 590 shares in the last quarter. Atlas Financial Advisors Inc. lifted its position in shares of Amazon.com by 3.0% during the third quarter. Atlas Financial Advisors Inc. now owns 2,921 shares of the e-commerce giant’s stock valued at $544,000 after buying an additional 85 shares during the last quarter. CacheTech Inc. boosted its holdings in shares of Amazon.com by 7.8% in the 3rd quarter. CacheTech Inc. now owns 16,430 shares of the e-commerce giant’s stock valued at $3,061,000 after buying an additional 1,192 shares in the last quarter. Finally, Americana Partners LLC grew its position in shares of Amazon.com by 12.7% in the 3rd quarter. Americana Partners LLC now owns 157,273 shares of the e-commerce giant’s stock worth $29,305,000 after buying an additional 17,694 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.9 %

Shares of AMZN opened at $227.03 on Monday. The stock has a fifty day simple moving average of $197.39 and a two-hundred day simple moving average of $188.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.39 trillion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $143.64 and a 52-week high of $227.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior 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. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price target on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, TD Cowen upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by company insiders.

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.