Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by DLK Investment Management LLC

DLK Investment Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 109.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,842 shares of the e-commerce giant’s stock after purchasing an additional 15,602 shares during the period. Amazon.com accounts for 2.1% of DLK Investment Management LLC’s portfolio, making the stock its 21st largest position. DLK Investment Management LLC’s holdings in Amazon.com were worth $5,561,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Exchange Capital Management Inc. increased its position in 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 stake in 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 buying an additional 4,097 shares during the period. Woodmont Investment Counsel LLC grew its stake in 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 buying an additional 65 shares during the period. Capital Advisors Ltd. LLC grew its stake in 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 buying an additional 185 shares during the period. Finally, Dash Acquisitions Inc. grew its stake in 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 buying an additional 4,639 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank upped their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Royal Bank of Canada upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $210.05 on Friday. The firm has a fifty day simple moving average of $186.48 and a 200-day simple moving average of $184.23. 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, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25. The stock has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate 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 net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This 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 link. In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were 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 directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last ninety days. 10.80% of the stock is currently owned by 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.