Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 169,502 shares of the e-commerce giant’s stock after acquiring an additional 201 shares during the period. Amazon.com makes up approximately 1.8% of Highland Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Highland Capital Management LLC’s holdings in Amazon.com were worth $31,583,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its holdings 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 buying an additional 16,392 shares during the last quarter. Zhang Financial LLC increased its holdings in Amazon.com by 12.9% in the 3rd 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. increased its holdings in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the last quarter. GAMMA Investing LLC increased its holdings in Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after purchasing an additional 19,231 shares during the last quarter. Finally, Stonekeep Investments LLC acquired a new stake in Amazon.com in the 2nd quarter valued at approximately $2,588,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

NASDAQ AMZN opened at $207.89 on Friday. 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’s 50 day simple moving average is $194.78 and its 200 day simple moving average is $186.94. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a market capitalization of $2.19 trillion, a P/E ratio of 44.52, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company’s stock, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target 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. Moffett Nathanson raised their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

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.