Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Sittner & Nelson LLC

Sittner & Nelson LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,801 shares of the e-commerce giant’s stock after purchasing an additional 410 shares during the quarter. Amazon.com accounts for 1.4% of Sittner & Nelson LLC’s investment portfolio, making the stock its 14th largest position. Sittner & Nelson LLC’s holdings in Amazon.com were worth $3,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC grew its holdings in Amazon.com by 96.9% in the third quarter. LS Investment Advisors LLC now owns 47,842 shares of the e-commerce giant’s stock valued at $8,914,000 after purchasing an additional 23,545 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its position in shares of Amazon.com by 0.6% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 64,284 shares of the e-commerce giant’s stock worth $11,978,000 after buying an additional 410 shares in the last quarter. TFB Advisors LLC grew its stake in Amazon.com by 1.4% in the 3rd quarter. TFB Advisors LLC now owns 24,841 shares of the e-commerce giant’s stock valued at $4,629,000 after acquiring an additional 347 shares during the last quarter. Trinity Legacy Partners LLC increased its holdings in Amazon.com by 3.7% during the 3rd quarter. Trinity Legacy Partners LLC now owns 33,837 shares of the e-commerce giant’s stock valued at $6,346,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. increased its holdings in Amazon.com by 7.9% during the 3rd quarter. Beacon Harbor Wealth Advisors Inc. now owns 2,482 shares of the e-commerce giant’s stock valued at $462,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Loop Capital increased their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Benchmark upped their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” 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 stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen increased their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $240.67.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $232.93 on Tuesday. The firm has a 50-day moving average of $202.70 and a two-hundred day moving average of $190.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.45 trillion, a P/E ratio of 49.88, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. 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 prior year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.