Petra Financial Advisors Inc. Has $476,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Petra Financial Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 32.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,553 shares of the e-commerce giant’s stock after buying an additional 627 shares during the period. Petra Financial Advisors Inc.’s holdings in Amazon.com were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. PayPay Securities Corp lifted its position 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 worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.9 %

Amazon.com stock opened at $227.03 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.43 and a beta of 1.16. The firm has a 50 day moving average price of $196.61 and a 200-day moving average price of $187.78. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $227.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Wednesday. Loop Capital raised their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price 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. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’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 completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.