James J. Burns & Company LLC Buys 1,280 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

James J. Burns & Company LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,786 shares of the e-commerce giant’s stock after buying an additional 1,280 shares during the quarter. James J. Burns & Company LLC’s holdings in Amazon.com were worth $2,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter valued at $45,000. Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Pivotal Research started 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 for the company. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $237.98.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.6 %

Amazon.com stock opened at $228.97 on Friday. The company has a market capitalization of $2.41 trillion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The firm has a 50 day moving average price of $199.89 and a 200 day moving average price of $189.07.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.