Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,651 shares of the e-commerce giant’s stock after purchasing an additional 243 shares during the period. Tandem Investment Advisors Inc.’s holdings in Amazon.com were worth $494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dudley Capital Management LLC lifted its position in shares of Amazon.com by 1.1% in the third quarter. Dudley Capital Management LLC now owns 15,710 shares of the e-commerce giant’s stock worth $2,927,000 after purchasing an additional 175 shares in the last quarter. ARK Investment Management LLC increased its stake in Amazon.com by 251.6% in the 3rd quarter. ARK Investment Management LLC now owns 348,833 shares of the e-commerce giant’s stock valued at $64,998,000 after buying an additional 249,633 shares during the period. Mainstream Capital Management LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $6,205,000. Consolidated Planning Corp boosted its stake in shares of Amazon.com by 6.1% during the 3rd quarter. Consolidated Planning Corp now owns 39,912 shares of the e-commerce giant’s stock valued at $7,437,000 after buying an additional 2,309 shares during the period. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Amazon.com by 0.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 40,648 shares of the e-commerce giant’s stock valued at $7,574,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Morgan Stanley increased their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $240.67.

Amazon.com Trading Up 2.4 %

Shares of AMZN stock opened at $232.93 on Tuesday. 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 fifty day moving average of $202.70 and a 200-day moving average of $190.16. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 49.88, a P/E/G ratio of 1.54 and a beta of 1.16.

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

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated 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 in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated 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 transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.