Goldstein Advisors LLC Has $1.81 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Goldstein Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,704 shares of the e-commerce giant’s stock after purchasing an additional 799 shares during the period. Goldstein Advisors LLC’s holdings in Amazon.com were worth $1,808,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Kavar Capital Partners Group LLC increased its position in Amazon.com by 3.8% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 31,427 shares of the e-commerce giant’s stock worth $5,856,000 after buying an additional 1,148 shares during the period. Clear Harbor Asset Management LLC grew its stake in shares of Amazon.com by 0.7% in the third quarter. Clear Harbor Asset Management LLC now owns 87,711 shares of the e-commerce giant’s stock worth $16,343,000 after acquiring an additional 650 shares during the last quarter. Smith Salley Wealth Management increased its position in Amazon.com by 5.1% during the third quarter. Smith Salley Wealth Management now owns 247,641 shares of the e-commerce giant’s stock worth $46,143,000 after acquiring an additional 11,924 shares during the period. Bristlecone Advisors LLC raised its stake in Amazon.com by 2.0% during the 3rd quarter. Bristlecone Advisors LLC now owns 186,803 shares of the e-commerce giant’s stock valued at $34,807,000 after purchasing an additional 3,696 shares during the last quarter. Finally, Mattern Capital Management LLC boosted its holdings in Amazon.com by 8.0% in the 3rd quarter. Mattern Capital Management LLC now owns 11,270 shares of the e-commerce giant’s stock valued at $2,100,000 after purchasing an additional 834 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMZN. Oppenheimer boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Piper Sandler raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Two 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Up 1.0 %

NASDAQ AMZN opened at $207.89 on Monday. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week 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. The stock has a fifty day moving average of $194.78 and a 200-day moving average of $186.94.

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

Insider Transactions at Amazon.com

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

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.