Visionary Horizons LLC Has $812,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Visionary Horizons LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 36.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,356 shares of the e-commerce giant’s stock after purchasing an additional 1,167 shares during the period. Amazon.com comprises approximately 0.5% of Visionary Horizons LLC’s holdings, making the stock its 28th biggest holding. Visionary Horizons LLC’s holdings in Amazon.com were worth $812,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Legal & General Group Plc grew its stake in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Amazon.com by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after acquiring an additional 1,329,150 shares in the last quarter. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock valued at $6,161,579,000 after purchasing an additional 464,938 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark raised their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upped 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. Finally, Sanford C. Bernstein raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Up 2.9 %

Shares of AMZN stock opened at $227.03 on Monday. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $227.15. 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 firm has a fifty day moving average of $197.39 and a 200-day moving average of $188.15. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (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 analysts’ expectations 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 quarter in the prior year, the company earned $0.85 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795. 10.80% of the stock is owned by 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.