Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by DT Investment Partners LLC

DT Investment Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,703 shares of the e-commerce giant’s stock after buying an additional 933 shares during the quarter. DT Investment Partners LLC’s holdings in Amazon.com were worth $4,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. lifted its position in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Quent Capital LLC lifted its position in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Amazon.com by 3.1% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 724,946 shares of the e-commerce giant’s stock worth $130,766,000 after purchasing an additional 21,847 shares during the period. Value Star Asset Management Hong Kong Ltd lifted its position in Amazon.com by 66.7% in the first quarter. Value Star Asset Management Hong Kong Ltd now owns 30,000 shares of the e-commerce giant’s stock worth $5,411,000 after purchasing an additional 12,000 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in Amazon.com by 5.7% in the first quarter. Avantax Advisory Services Inc. now owns 403,246 shares of the e-commerce giant’s stock worth $72,737,000 after purchasing an additional 21,633 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson increased their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Redburn Atlantic increased their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Trading Down 1.0 %

Amazon.com stock opened at $205.74 on Thursday. 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 market capitalization of $2.16 trillion, a price-to-earnings ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company’s fifty day moving average price is $194.14 and its two-hundred day moving average price is $186.66.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share 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.