Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Verde Capital Management

Verde Capital Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,011 shares of the e-commerce giant’s stock after purchasing an additional 781 shares during the period. Amazon.com makes up approximately 0.9% of Verde Capital Management’s holdings, making the stock its 21st biggest position. Verde Capital Management’s holdings in Amazon.com were worth $2,983,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Alliance Advisory Group LLC increased its position in Amazon.com by 2.0% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 23,959 shares of the e-commerce giant’s stock valued at $4,464,000 after acquiring an additional 474 shares during the period. Waypoint Capital Advisors LLC raised its stake in shares of Amazon.com by 2.2% during the third quarter. Waypoint Capital Advisors LLC now owns 18,065 shares of the e-commerce giant’s stock valued at $3,366,000 after purchasing an additional 393 shares in the last quarter. Warren Street Wealth Advisors LLC grew its position in Amazon.com by 7.7% in the 3rd quarter. Warren Street Wealth Advisors LLC now owns 11,525 shares of the e-commerce giant’s stock valued at $2,147,000 after buying an additional 826 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in Amazon.com by 11.8% during the 3rd quarter. Cadent Capital Advisors LLC now owns 2,289 shares of the e-commerce giant’s stock valued at $426,000 after buying an additional 242 shares during the period. Finally, E&G Advisors LP raised its position in shares of Amazon.com by 0.7% during the 3rd quarter. E&G Advisors LP now owns 26,403 shares of the e-commerce giant’s stock worth $4,920,000 after buying an additional 180 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $202.88 on Thursday. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The stock’s 50-day moving average is $192.56 and its two-hundred day moving average is $186.18. The firm has a market cap of $2.13 trillion, a P/E ratio of 43.44, 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 posted its earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC lifted their target price on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Monness Crespi & Hardt upped their price target on shares of Amazon.com from $225.00 to $245.00 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.77.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by insiders.

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.