Bleakley Financial Group LLC Has $52.43 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bleakley Financial Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 281,377 shares of the e-commerce giant’s stock after purchasing an additional 7,314 shares during the period. Amazon.com accounts for about 1.6% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 13th biggest holding. Bleakley Financial Group LLC’s holdings in Amazon.com were worth $52,429,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMZN. Optimum Investment Advisors raised its position in Amazon.com by 4.7% during the third quarter. Optimum Investment Advisors now owns 18,223 shares of the e-commerce giant’s stock worth $3,395,000 after acquiring an additional 813 shares in the last quarter. Greenup Street Wealth Management LLC increased its stake in shares of Amazon.com by 49.9% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 33,686 shares of the e-commerce giant’s stock worth $6,277,000 after purchasing an additional 11,216 shares during the last quarter. Buffington Mohr McNeal increased its stake in shares of Amazon.com by 4.0% during the 3rd quarter. Buffington Mohr McNeal now owns 61,599 shares of the e-commerce giant’s stock worth $11,478,000 after purchasing an additional 2,395 shares during the last quarter. LifeSteps Financial Inc. lifted its stake in Amazon.com by 0.6% in the 3rd quarter. LifeSteps Financial Inc. now owns 9,789 shares of the e-commerce giant’s stock valued at $1,824,000 after purchasing an additional 60 shares during the last quarter. Finally, Cumberland Advisors Inc. grew its holdings in Amazon.com by 6.6% during the third quarter. Cumberland Advisors Inc. now owns 9,680 shares of the e-commerce giant’s stock worth $1,804,000 after purchasing an additional 600 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMZN shares. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group upped their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wedbush lifted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Bank of America increased their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on 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 sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $202.61 on Friday. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. The business has a 50 day moving average of $191.16 and a 200-day moving average of $185.69.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current 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.