Next Level Private LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Next Level Private LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,535 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the quarter. Next Level Private LLC’s holdings in Amazon.com were worth $2,149,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Wealth Partners Inc. lifted its stake in Amazon.com by 10.8% in the first quarter. Tower Wealth Partners Inc. now owns 3,701 shares of the e-commerce giant’s stock worth $668,000 after purchasing an additional 360 shares during the last quarter. Hedeker Wealth LLC lifted its stake in shares of Amazon.com by 0.5% in the 1st quarter. Hedeker Wealth LLC now owns 70,741 shares of the e-commerce giant’s stock valued at $12,760,000 after acquiring an additional 317 shares during the last quarter. Sloy Dahl & Holst LLC grew its position in Amazon.com by 0.4% during the 1st quarter. Sloy Dahl & Holst LLC now owns 40,759 shares of the e-commerce giant’s stock worth $7,352,000 after acquiring an additional 156 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Amazon.com by 4.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,751,420 shares of the e-commerce giant’s stock worth $4,464,661,000 after purchasing an additional 1,040,946 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its stake in Amazon.com by 1.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,641 shares of the e-commerce giant’s stock worth $1,739,000 after purchasing an additional 174 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler boosted their price target 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 lifted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group boosted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Insiders Place Their Bets

In other 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 transaction of $1,000,049.40. Following the completion of 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 legal filing with the SEC, which is available at this link. In other news, 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 transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,859 shares of company stock worth $10,215,097. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $208.18 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. 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 $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. The business’s fifty day moving average price is $187.83 and its 200-day moving average price is $184.62.

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 the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

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.