Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,487 shares of the e-commerce giant’s stock after purchasing an additional 10,271 shares during the quarter. Amazon.com makes up about 1.5% of Gladstone Institutional Advisory LLC’s holdings, making the stock its 11th biggest position. Gladstone Institutional Advisory LLC’s holdings in Amazon.com were worth $30,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp boosted its stake in 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 acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc increased its position in 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 during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.9 %

AMZN stock opened at $227.03 on Monday. The company has a 50 day moving average price of $197.39 and a two-hundred day moving average price of $188.15. 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 market capitalization of $2.39 trillion, a P/E ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $227.15.

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, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during 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 revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMZN shares. Bank of America raised 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. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Wednesday, December 4th. Jefferies Financial Group upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

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.