Burns Matteson Capital Management LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Burns Matteson Capital Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,196 shares of the e-commerce giant’s stock after acquiring an additional 1,693 shares during the period. Amazon.com makes up 1.4% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 16th biggest position. Burns Matteson Capital Management LLC’s holdings in Amazon.com were worth $2,831,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Code Waechter LLC purchased a new stake in shares of Amazon.com in the third quarter worth about $749,000. McNamara Financial Services Inc. boosted its position in shares of Amazon.com by 28.9% in the third quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock worth $515,000 after buying an additional 620 shares during the period. Pinnacle Wealth Management Group Inc. boosted its position in shares of Amazon.com by 4.6% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 6,761 shares of the e-commerce giant’s stock worth $1,260,000 after buying an additional 300 shares during the period. Total Wealth Planning LLC boosted its position in shares of Amazon.com by 33.2% in the third quarter. Total Wealth Planning LLC now owns 2,241 shares of the e-commerce giant’s stock worth $418,000 after buying an additional 559 shares during the period. Finally, Guinness Atkinson Asset Management Inc boosted its position in shares of Amazon.com by 10.3% in the third quarter. Guinness Atkinson Asset Management Inc now owns 37,111 shares of the e-commerce giant’s stock worth $6,915,000 after buying an additional 3,454 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was 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 approximately $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. Insiders sold 55,859 shares of company stock worth $10,215,097 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $208.18 on Friday. The stock has a fifty day moving average price of $187.83 and a two-hundred day moving average price of $184.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm 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%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. Research analysts forecast that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. The Goldman Sachs Group upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. UBS Group boosted their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Two 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.55.

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.