Romano Brothers AND Company Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Romano Brothers AND Company boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,979 shares of the e-commerce giant’s stock after purchasing an additional 445 shares during the period. Amazon.com comprises about 1.0% of Romano Brothers AND Company’s investment portfolio, making the stock its 21st biggest position. Romano Brothers AND Company’s holdings in Amazon.com were worth $7,822,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the 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 represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents 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 worth $1,252,148,795 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 3.2 %

AMZN opened at $207.86 on Wednesday. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a market capitalization of $2.19 trillion, a P/E ratio of 44.51, a PEG ratio of 1.32 and a beta of 1.14. The stock’s fifty day moving average is $193.75 and its two-hundred day moving average is $186.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Rosenblatt Securities boosted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark boosted their target price on Amazon.com from $200.00 to $215.00 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

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.