Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Weaver Capital Management LLC

Weaver Capital Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,728 shares of the e-commerce giant’s stock after acquiring an additional 3,203 shares during the quarter. Amazon.com accounts for approximately 1.1% of Weaver Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Weaver Capital Management LLC’s holdings in Amazon.com were worth $3,676,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc raised its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com in the 2nd quarter worth about $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $201.45 on Tuesday. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. 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 company has a market cap of $2.12 trillion, a P/E ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. The firm has a fifty day moving average price of $193.33 and a 200 day moving average price of $186.38.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate 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 period last year, the business earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Needham & Company LLC increased their target price on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 14th. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $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 is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.