Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,284 shares of the e-commerce giant’s stock after buying an additional 410 shares during the quarter. Amazon.com makes up about 5.6% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 5th biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Amazon.com were worth $11,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMZN. TFB Advisors LLC lifted its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. TFB Advisors LLC now owns 24,841 shares of the e-commerce giant’s stock valued at $4,629,000 after buying an additional 347 shares during the last quarter. Trinity Legacy Partners LLC raised its position in Amazon.com by 3.7% during the third 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. Beacon Harbor Wealth Advisors Inc. lifted its stake in Amazon.com by 7.9% in the third 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 during the last quarter. Tandem Investment Advisors Inc. grew its position in Amazon.com by 10.1% in the third quarter. Tandem Investment Advisors Inc. now owns 2,651 shares of the e-commerce giant’s stock worth $494,000 after acquiring an additional 243 shares in the last quarter. Finally, Dudley Capital Management LLC grew its position in 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 acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note 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 research report on Friday, November 1st. Monness Crespi & Hardt increased their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. 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 company. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $240.67.

Amazon.com Stock Up 2.4 %

Shares of AMZN opened at $232.93 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $202.70 and a two-hundred day moving average price of $190.16. 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, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS 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.