Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Hayek Kallen Investment Management

Hayek Kallen Investment Management raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,647 shares of the e-commerce giant’s stock after buying an additional 847 shares during the period. Amazon.com comprises about 1.4% of Hayek Kallen Investment Management’s investment portfolio, making the stock its 23rd biggest holding. Hayek Kallen Investment Management’s holdings in Amazon.com were worth $4,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its stake in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Investment Advisory Group LLC boosted its holdings in Amazon.com by 2.0% in the first quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant’s stock worth $4,111,000 after purchasing an additional 439 shares in the last quarter. Independent Family Office LLC acquired a new position in Amazon.com during the first quarter worth $209,000. M3 Advisory Group LLC increased its position in Amazon.com by 31.2% during the first quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant’s stock worth $1,559,000 after buying an additional 2,058 shares during the last quarter. Finally, Madison Wealth Partners Inc raised its holdings in Amazon.com by 0.9% during the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock valued at $3,186,000 after buying an additional 153 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, UBS Group lifted their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 1.0 %

Shares of AMZN opened at $208.91 on Wednesday. The business’s 50 day simple moving average is $188.40 and its 200-day simple moving average is $184.95. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25. The company has a market capitalization of $2.20 trillion, a P/E ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14. 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 (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Amazon.com 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.