Semanteon Capital Management LP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,137 shares of the e-commerce giant’s stock after purchasing an additional 1,168 shares during the period. Semanteon Capital Management LP’s holdings in Amazon.com were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Smithbridge Asset Management Inc. DE grew its stake in Amazon.com by 40.2% in the third quarter. Smithbridge Asset Management Inc. DE now owns 82,620 shares of the e-commerce giant’s stock worth $15,395,000 after purchasing an additional 23,684 shares in the last quarter. Southern Capital Advisors LLC lifted its holdings in shares of Amazon.com by 12.0% in the 3rd quarter. Southern Capital Advisors LLC now owns 4,683 shares of the e-commerce giant’s stock worth $873,000 after buying an additional 500 shares during the period. Tower View Wealth Management LLC lifted its holdings in shares of Amazon.com by 1.7% in the 3rd quarter. Tower View Wealth Management LLC now owns 28,316 shares of the e-commerce giant’s stock worth $5,276,000 after buying an additional 462 shares during the period. Summit Place Financial Advisors LLC grew its position in shares of Amazon.com by 0.6% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 16,196 shares of the e-commerce giant’s stock worth $3,018,000 after buying an additional 89 shares in the last quarter. Finally, Family Investment Center Inc. increased its stake in shares of Amazon.com by 31.5% during the third quarter. Family Investment Center Inc. now owns 2,197 shares of the e-commerce giant’s stock valued at $409,000 after buying an additional 526 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on AMZN shares. Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt lifted their price objective 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. Truist Financial boosted their price objective 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. Sanford C. Bernstein increased their target price on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Telsey Advisory Group lifted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.20.
Amazon.com Price Performance
Shares of AMZN opened at $210.71 on Tuesday. The business’s 50-day moving average is $194.78 and its two-hundred day moving average is $186.94. The company has a market capitalization of $2.22 trillion, a P/E ratio of 45.12, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two 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.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.
Insider Activity
In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value 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. This trade represents a 4.79 % 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 valued at $1,252,148,795 in the last three months. 10.80% of the stock is currently owned by corporate insiders.
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.
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