Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Albion Financial Group UT

Albion Financial Group UT grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,698 shares of the e-commerce giant’s stock after acquiring an additional 44,416 shares during the quarter. Amazon.com accounts for approximately 3.1% of Albion Financial Group UT’s investment portfolio, making the stock its 6th largest position. Albion Financial Group UT’s holdings in Amazon.com were worth $44,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Exchange Capital Management Inc. grew its holdings in shares of Amazon.com by 2.3% during the first quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after purchasing an additional 2,482 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in shares of Amazon.com by 11.0% during the first quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock worth $7,693,000 after purchasing an additional 4,097 shares during the last quarter. Woodmont Investment Counsel LLC grew its holdings in shares of Amazon.com by 0.4% during the first quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock worth $2,809,000 after purchasing an additional 65 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Amazon.com by 1.6% during the first quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock worth $2,136,000 after purchasing an additional 185 shares during the last quarter. Finally, Dash Acquisitions Inc. grew its holdings in shares of Amazon.com by 3.3% during the first quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock worth $26,199,000 after purchasing an additional 4,639 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Loop Capital upped their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Trading Up 1.4 %

NASDAQ AMZN opened at $210.05 on Friday. The firm has a market capitalization of $2.21 trillion, a P/E ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14. The business has a fifty day simple moving average of $186.48 and a 200 day simple moving average of $184.23. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, analysts predict that Amazon.com, Inc. will post 5.16 EPS 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.