FLC Capital Advisors Acquires 345 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FLC Capital Advisors grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,521 shares of the e-commerce giant’s stock after buying an additional 345 shares during the quarter. Amazon.com accounts for approximately 1.3% of FLC Capital Advisors’ holdings, making the stock its 20th biggest holding. FLC Capital Advisors’ holdings in Amazon.com were worth $5,501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com in the first quarter worth $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter worth $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 4.2 %

AMZN stock opened at $202.61 on Friday. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.90. The firm’s fifty day simple moving average is $190.54 and its 200-day simple moving average is $185.54. 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 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Loop Capital increased their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.45.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the 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 transaction, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. 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 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.