Stratos Investment Management LLC Purchases 32,604 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stratos Investment Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 58.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,959 shares of the e-commerce giant’s stock after acquiring an additional 32,604 shares during the quarter. Amazon.com makes up 1.1% of Stratos Investment Management LLC’s investment portfolio, making the stock its 27th largest position. Stratos Investment Management LLC’s holdings in Amazon.com were worth $16,390,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Garrison Point Advisors LLC raised its stake in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC raised its position in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares during the period. Cherrydale Wealth Management LLC lifted its stake in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares during the last quarter. Finally, Lutz Financial Services LLC lifted its stake in Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. This represents a 12.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s 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 transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.4 %

Amazon.com stock opened at $201.70 on Tuesday. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The business’s fifty day moving average is $191.69 and its 200 day moving average is $185.93. The stock has a market capitalization of $2.12 trillion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. 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 announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush raised 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, Susquehanna upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

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.