Invictus Private Wealth LLC Buys 6,960 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Invictus Private Wealth LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 108,734 shares of the e-commerce giant’s stock after buying an additional 6,960 shares during the quarter. Amazon.com accounts for about 1.6% of Invictus Private Wealth LLC’s holdings, making the stock its 16th biggest holding. Invictus Private Wealth LLC’s holdings in Amazon.com were worth $20,260,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Wisconsin Capital Management LLC raised its position in shares of Amazon.com by 0.8% during the third quarter. Wisconsin Capital Management LLC now owns 32,422 shares of the e-commerce giant’s stock worth $6,041,000 after acquiring an additional 250 shares during the last quarter. Catalina Capital Group LLC increased its position in Amazon.com by 14.3% in the third quarter. Catalina Capital Group LLC now owns 42,546 shares of the e-commerce giant’s stock worth $7,928,000 after purchasing an additional 5,333 shares during the period. Beacon Financial Advisory LLC raised its holdings in Amazon.com by 1.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 18,570 shares of the e-commerce giant’s stock worth $3,460,000 after purchasing an additional 200 shares during the last quarter. Marks Group Wealth Management Inc lifted its position in Amazon.com by 22.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 43,167 shares of the e-commerce giant’s stock valued at $8,043,000 after purchasing an additional 7,917 shares during the period. Finally, Long Run Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1,000.8% in the 3rd quarter. Long Run Wealth Advisors LLC now owns 20,045 shares of the e-commerce giant’s stock valued at $3,735,000 after purchasing an additional 18,224 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $238.87.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ:AMZN opened at $227.46 on Friday. The company’s 50-day moving average price is $201.65 and its two-hundred day moving average price is $189.72. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $231.20. 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 stock has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for 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 was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.