E&G Advisors LP Acquires 180 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

E&G Advisors LP raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,403 shares of the e-commerce giant’s stock after purchasing an additional 180 shares during the period. Amazon.com accounts for approximately 1.4% of E&G Advisors LP’s investment portfolio, making the stock its 15th biggest position. E&G Advisors LP’s holdings in Amazon.com were worth $4,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. increased its holdings in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC grew its position in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after buying an additional 1,081 shares during the period. Wellington Shields & Co. LLC lifted its position in shares of Amazon.com by 0.7% during the 1st quarter. Wellington Shields & Co. LLC now owns 26,973 shares of the e-commerce giant’s stock valued at $4,865,000 after acquiring an additional 183 shares during the period. BCU Wealth Advisors LLC bought a new position in Amazon.com during the first quarter worth $220,000. Finally, Wellington Shields Capital Management LLC grew its holdings in Amazon.com by 10.1% in the first quarter. Wellington Shields Capital Management LLC now owns 91,791 shares of the e-commerce giant’s stock worth $16,557,000 after purchasing an additional 8,395 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were 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 approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. 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 over the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Needham & Company LLC boosted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, The Goldman Sachs Group raised their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Stock Performance

Shares of AMZN opened at $202.88 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $192.56 and a 200-day moving average price of $186.18. The company has a market cap of $2.13 trillion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 analyst estimates of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast 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.