Mezzasalma Advisors LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mezzasalma Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,799 shares of the e-commerce giant’s stock after acquiring an additional 1,470 shares during the quarter. Amazon.com makes up 4.3% of Mezzasalma Advisors LLC’s portfolio, making the stock its 8th biggest position. Mezzasalma Advisors LLC’s holdings in Amazon.com were worth $10,956,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes 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 purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com in the 2nd quarter worth about $77,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Maxim Group boosted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities boosted their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna boosted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Down 4.2 %

Shares of AMZN stock opened at $202.61 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 one year low of $139.52 and a one year high of $215.90. The company’s fifty day moving average price is $190.54 and its 200-day moving average price is $185.54. The company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14.

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 analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

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.