West Bancorporation Inc. Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

West Bancorporation Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,236 shares of the e-commerce giant’s stock after buying an additional 92 shares during the period. West Bancorporation Inc.’s holdings in Amazon.com were worth $789,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMZN. Custom Index Systems LLC raised its position in Amazon.com by 3.2% during the 3rd quarter. Custom Index Systems LLC now owns 13,876 shares of the e-commerce giant’s stock worth $2,586,000 after buying an additional 426 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Amazon.com by 1.2% during the third quarter. Sterling Investment Advisors Ltd. now owns 73,754 shares of the e-commerce giant’s stock worth $13,743,000 after purchasing an additional 890 shares in the last quarter. OMNI 360 Wealth Inc. lifted its position in Amazon.com by 63.8% in the third quarter. OMNI 360 Wealth Inc. now owns 6,225 shares of the e-commerce giant’s stock valued at $1,160,000 after purchasing an additional 2,424 shares during the period. Park Edge Advisors LLC lifted its position in Amazon.com by 1.4% in the third quarter. Park Edge Advisors LLC now owns 11,572 shares of the e-commerce giant’s stock valued at $2,156,000 after purchasing an additional 162 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Amazon.com by 3.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 195,606 shares of the e-commerce giant’s stock valued at $36,447,000 after purchasing an additional 7,215 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.20.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % 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.

Amazon.com Trading Up 1.0 %

Shares of AMZN opened at $207.89 on Monday. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90. The firm 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. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $194.78 and its 200 day simple moving average is $186.94.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.