Stansberry Asset Management LLC Has $23.57 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stansberry Asset Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,502 shares of the e-commerce giant’s stock after acquiring an additional 20,384 shares during the period. Amazon.com accounts for about 2.9% of Stansberry Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Stansberry Asset Management LLC’s holdings in Amazon.com were worth $23,571,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp raised its holdings in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Stevens Capital Management LP grew its position in shares of Amazon.com by 409.7% in the third quarter. Stevens Capital Management LP now owns 99,474 shares of the e-commerce giant’s stock valued at $18,535,000 after purchasing an additional 79,958 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Amazon.com by 0.5% in the third quarter. Stifel Financial Corp now owns 8,213,926 shares of the e-commerce giant’s stock worth $1,530,503,000 after purchasing an additional 43,900 shares during the period. SYM FINANCIAL Corp lifted its position in shares of Amazon.com by 1.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 11,343 shares of the e-commerce giant’s stock worth $2,114,000 after purchasing an additional 120 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in Amazon.com during the 3rd quarter valued at approximately $324,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment 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 company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ AMZN opened at $218.94 on Monday. Amazon.com, Inc. has a 12-month low of $149.91 and a 12-month high of $233.00. The firm’s 50-day simple moving average is $216.20 and its 200 day simple moving average is $195.42. 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 cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.