Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,312 shares of the e-commerce giant’s stock after acquiring an additional 105 shares during the period. Amazon.com accounts for 1.6% of American Institute for Advanced Investment Management LLP’s portfolio, making the stock its 12th biggest holding. American Institute for Advanced Investment Management LLP’s holdings in Amazon.com were worth $2,294,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. Mason & Associates Inc lifted its holdings in Amazon.com by 4.3% in the 3rd quarter. Mason & Associates Inc now owns 14,003 shares of the e-commerce giant’s stock valued at $2,609,000 after acquiring an additional 576 shares during the last quarter. Yoder Wealth Management Inc. increased its holdings in Amazon.com by 4.7% in the third quarter. Yoder Wealth Management Inc. now owns 6,406 shares of the e-commerce giant’s stock worth $1,194,000 after buying an additional 290 shares during the last quarter. Jackson Wealth Management LLC increased its holdings in Amazon.com by 52.4% in the third quarter. Jackson Wealth Management LLC now owns 26,916 shares of the e-commerce giant’s stock worth $5,015,000 after buying an additional 9,257 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in Amazon.com by 22.5% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,068 shares of the e-commerce giant’s stock worth $3,367,000 after buying an additional 3,323 shares during the last quarter. Finally, Arcataur Capital Management LLC grew its holdings in Amazon.com by 1.8% during the third quarter. Arcataur Capital Management LLC now owns 7,016 shares of the e-commerce giant’s stock valued at $1,307,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ AMZN opened at $205.74 on Thursday. The firm’s 50-day simple moving average is $194.14 and its 200 day simple moving average is $186.66. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. 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, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $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. In the last three months, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a report on Friday, August 2nd. Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $236.20.

About Amazon.com

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.