Bogart Wealth LLC Has $15.15 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bogart Wealth LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,327 shares of the e-commerce giant’s stock after selling 279 shares during the quarter. Amazon.com accounts for about 0.7% of Bogart Wealth LLC’s portfolio, making the stock its 24th largest holding. Bogart Wealth LLC’s holdings in Amazon.com were worth $15,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. raised its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of Amazon.com by 3.1% during the 1st 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 valued at $130,766,000 after purchasing an additional 21,847 shares during the last quarter. Value Star Asset Management Hong Kong Ltd grew its holdings in shares of Amazon.com by 66.7% during the 1st quarter. Value Star Asset Management Hong Kong Ltd now owns 30,000 shares of the e-commerce giant’s stock valued at $5,411,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Amazon.com by 5.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 403,246 shares of the e-commerce giant’s stock valued at $72,737,000 after purchasing an additional 21,633 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Finally, Evercore ISI boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Performance

AMZN opened at $205.74 on Thursday. The company’s fifty day moving average price is $194.14 and its two-hundred day moving average price is $186.66. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 44.06, a PEG ratio of 1.35 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, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during 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 revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. 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 quarter. Insiders own 10.80% of the company’s stock.

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.