Greenleaf Trust Purchases 29,200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Greenleaf Trust grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 505,311 shares of the e-commerce giant’s stock after acquiring an additional 29,200 shares during the period. Amazon.com comprises approximately 0.8% of Greenleaf Trust’s investment portfolio, making the stock its 10th biggest position. Greenleaf Trust’s holdings in Amazon.com were worth $94,155,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI lifted its position in shares of Amazon.com by 7.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 798,483 shares of the e-commerce giant’s stock valued at $148,781,000 after buying an additional 53,846 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Amazon.com by 11.2% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 12,219 shares of the e-commerce giant’s stock valued at $2,277,000 after buying an additional 1,229 shares in the last quarter. Chris Bulman Inc boosted its holdings in Amazon.com by 46.5% in the 3rd quarter. Chris Bulman Inc now owns 2,029 shares of the e-commerce giant’s stock worth $378,000 after buying an additional 644 shares during the last quarter. Elevated Capital Advisors LLC raised its holdings in shares of Amazon.com by 51.4% during the third quarter. Elevated Capital Advisors LLC now owns 16,705 shares of the e-commerce giant’s stock valued at $3,113,000 after acquiring an additional 5,669 shares during the last quarter. Finally, Marietta Wealth Management LLC lifted its position in shares of Amazon.com by 3.0% in the third quarter. Marietta Wealth Management LLC now owns 70,113 shares of the e-commerce giant’s stock valued at $13,064,000 after acquiring an additional 2,051 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. Barclays increased their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock worth $1,252,148,795 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $201.45 on Tuesday. The firm has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. The firm’s fifty day simple moving average is $193.33 and its 200-day simple moving average is $186.38. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com Company 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.