Exeter Financial LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Exeter Financial LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,223 shares of the e-commerce giant’s stock after buying an additional 71 shares during the period. Exeter Financial LLC’s holdings in Amazon.com were worth $973,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Phillips Wealth Planners LLC boosted its stake in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares during the period. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after acquiring an additional 19,231 shares during the period. Stonekeep Investments LLC bought a new position in Amazon.com during the second quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after buying an additional 654,908 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMZN shares. TD Securities increased their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Wells Fargo & Company lowered Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Wedbush increased their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.02.

Amazon.com Stock Up 6.2 %

Amazon.com stock opened at $197.93 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $136.47 and a 1-year high of $201.20. The business has a fifty day moving average price of $184.82 and a 200-day moving average price of $183.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was 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 disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.