Stewardship Advisors LLC Invests $676,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Stewardship Advisors LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,630 shares of the e-commerce giant’s stock, valued at approximately $676,000.

Several other institutional investors have also recently made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. grew its stake in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC grew its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after acquiring an additional 1,081 shares in the last quarter. Broderick Brian C grew its stake in shares of Amazon.com by 18.2% in the 1st quarter. Broderick Brian C now owns 67,096 shares of the e-commerce giant’s stock worth $12,103,000 after acquiring an additional 10,338 shares in the last quarter. Cohen Capital Management Inc. grew its stake in shares of Amazon.com by 2.8% in the 1st quarter. Cohen Capital Management Inc. now owns 72,567 shares of the e-commerce giant’s stock worth $13,090,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Delaney Dennis R boosted its holdings in shares of Amazon.com by 2.6% in the 1st quarter. Delaney Dennis R now owns 33,836 shares of the e-commerce giant’s stock worth $6,103,000 after buying an additional 868 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their price target 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. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Insiders Place Their Bets

In other Amazon.com 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 transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, 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. Over the last ninety days, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $197.12 on Friday. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The firm has a market cap of $2.07 trillion, a PE ratio of 42.21, a PEG ratio of 1.37 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. The company has a 50 day simple moving average of $193.00 and a two-hundred day simple moving average of $186.32.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal 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.