Secure Asset Management LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Secure Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,478 shares of the e-commerce giant’s stock after acquiring an additional 3,521 shares during the quarter. Amazon.com accounts for about 1.6% of Secure Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Secure Asset Management LLC’s holdings in Amazon.com were worth $9,219,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMZN. Vanguard Group Inc. raised its position in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new stake in shares of Amazon.com in the first quarter worth $2,239,757,000. Capital World Investors lifted its position in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Capital Research Global Investors grew its position in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a research report on Friday, August 2nd. Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Maxim Group raised their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $202.61 on Friday. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The company’s fifty day moving average is $191.16 and its two-hundred day moving average is $185.69.

Amazon.com (NASDAQ:AMZN) last released 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 business 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. Analysts forecast 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.