Cedrus LLC Buys 694 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cedrus LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,811 shares of the e-commerce giant’s stock after purchasing an additional 694 shares during the quarter. Cedrus LLC’s holdings in Amazon.com were worth $2,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Means Investment CO. Inc. boosted its holdings in Amazon.com by 0.3% in the 3rd quarter. Means Investment CO. Inc. now owns 239,524 shares of the e-commerce giant’s stock valued at $44,631,000 after purchasing an additional 827 shares during the period. New Century Financial Group LLC raised its position in shares of Amazon.com by 24.5% in the third quarter. New Century Financial Group LLC now owns 16,771 shares of the e-commerce giant’s stock worth $3,125,000 after buying an additional 3,298 shares in the last quarter. Powers Advisory Group LLC boosted its stake in Amazon.com by 2.2% during the third quarter. Powers Advisory Group LLC now owns 5,487 shares of the e-commerce giant’s stock valued at $1,022,000 after buying an additional 120 shares during the period. Resonant Capital Advisors LLC grew its position in Amazon.com by 4.2% during the third quarter. Resonant Capital Advisors LLC now owns 43,459 shares of the e-commerce giant’s stock worth $8,098,000 after buying an additional 1,745 shares in the last quarter. Finally, Veracity Capital LLC raised its holdings in shares of Amazon.com by 1.3% in the 3rd quarter. Veracity Capital LLC now owns 20,297 shares of the e-commerce giant’s stock valued at $3,782,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Finally, Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock 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 has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The stock’s 50 day simple moving average is $192.56 and its two-hundred day simple moving average is $186.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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. The company 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 firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal 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.