ERn Financial LLC Buys 391 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

ERn Financial LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,279 shares of the e-commerce giant’s stock after acquiring an additional 391 shares during the quarter. ERn Financial LLC’s holdings in Amazon.com were worth $3,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Zhang Financial LLC increased its stake in shares of Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after buying an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares during the period. GAMMA Investing LLC increased its position in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $214.10 on Thursday. The business has a 50 day moving average of $189.05 and a 200 day moving average of $185.15. The company has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 45.85, 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 $215.09. 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 released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.85 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 in the last quarter. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Bank of America increased their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

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.