ASB Consultores LLC Has $2.95 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

ASB Consultores LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,819 shares of the e-commerce giant’s stock after buying an additional 412 shares during the period. Amazon.com makes up 1.2% of ASB Consultores LLC’s investment portfolio, making the stock its 15th biggest holding. ASB Consultores LLC’s holdings in Amazon.com were worth $2,948,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. raised its position in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC grew its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. LRI Investments LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $10,958,000. Sanibel Captiva Trust Company Inc. lifted its position in shares of Amazon.com by 2.8% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 314,613 shares of the e-commerce giant’s stock worth $56,750,000 after buying an additional 8,543 shares during the period. Finally, Swedbank AB bought a new stake in Amazon.com in the first quarter valued at $2,239,757,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Robert W. Baird lifted their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Cowen increased their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.98.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value 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 represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.6 %

Shares of AMZN opened at $228.97 on Friday. 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 firm has a market cap of $2.41 trillion, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The business has a 50-day moving average of $199.89 and a 200 day moving average of $189.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Company 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.