Custom Index Systems LLC Has $2.59 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Custom Index Systems LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,876 shares of the e-commerce giant’s stock after purchasing an additional 426 shares during the period. Amazon.com accounts for 1.4% of Custom Index Systems LLC’s portfolio, making the stock its 10th largest position. Custom Index Systems LLC’s holdings in Amazon.com were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $45,000. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the 2nd 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. Finally, Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % 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 in the last three months. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Needham & Company LLC raised their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial upped their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Up 1.0 %

Amazon.com stock opened at $207.89 on Monday. The firm’s 50 day moving average price is $194.78 and its two-hundred day moving average price is $186.94. The firm has a market cap of $2.19 trillion, a PE ratio of 44.52, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.