Resonant Capital Advisors LLC Acquires 1,745 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Resonant Capital Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,459 shares of the e-commerce giant’s stock after acquiring an additional 1,745 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Amazon.com were worth $8,098,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Veracity Capital LLC grew its position in Amazon.com by 1.3% in the 3rd quarter. Veracity Capital LLC now owns 20,297 shares of the e-commerce giant’s stock worth $3,782,000 after purchasing an additional 269 shares during the last quarter. Verde Capital Management lifted its stake in shares of Amazon.com by 5.1% in the third quarter. Verde Capital Management now owns 16,011 shares of the e-commerce giant’s stock valued at $2,983,000 after buying an additional 781 shares during the period. Wealth Alliance Advisory Group LLC grew its position in Amazon.com by 2.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 23,959 shares of the e-commerce giant’s stock worth $4,464,000 after buying an additional 474 shares in the last quarter. Waypoint Capital Advisors LLC increased its stake in 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 acquiring an additional 393 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its position in shares of 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 worth $2,147,000 after acquiring an additional 826 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred 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 sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Benchmark boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group increased their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets reaffirmed 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, Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities 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 company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Stock Down 0.8 %

Shares of Amazon.com stock opened at $202.88 on Thursday. Amazon.com, Inc. has a 12 month low of $141.50 and a 12 month high of $215.90. The business has a fifty day simple moving average of $192.56 and a 200 day simple moving average of $186.18. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock 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 (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

About Amazon.com

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.