International Assets Investment Management LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

International Assets Investment Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20,897.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,135,449 shares of the e-commerce giant’s stock after buying an additional 38,949,065 shares during the period. Amazon.com accounts for 9.8% of International Assets Investment Management LLC’s investment portfolio, making the stock its 2nd biggest holding. International Assets Investment Management LLC owned 0.38% of Amazon.com worth $72,921,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Zhang Financial LLC lifted its holdings in Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC boosted its position in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the period. Finally, Stonekeep Investments LLC purchased a new position in shares of Amazon.com in the second quarter worth about $2,588,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMZN. Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Performance

Shares of AMZN stock opened at $207.86 on Wednesday. The company’s fifty day moving average price is $193.75 and its 200-day moving average price is $186.52. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The stock has a market cap of $2.19 trillion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. 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 (NASDAQ:AMZN) last posted its quarterly earnings data 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. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of the firm’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 transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on 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 transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock worth $1,252,148,795 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.