Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,556,515 shares of the e-commerce giant’s stock after acquiring an additional 46,811 shares during the quarter. Amazon.com makes up about 1.3% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 7th largest holding. Janney Montgomery Scott LLC’s holdings in Amazon.com were worth $476,356,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Redburn Atlantic raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Royal Bank of Canada raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Loop Capital raised their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Stock Down 0.5 %

NASDAQ:AMZN opened at $225.04 on Wednesday. The firm’s 50 day simple moving average is $198.19 and its 200 day simple moving average is $188.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $143.64 and a one year high of $230.08. The company has a market cap of $2.37 trillion, a PE ratio of 48.19, a P/E/G ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by 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.