Galvin Gaustad & Stein LLC Acquires 16,727 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Galvin Gaustad & Stein LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,285 shares of the e-commerce giant’s stock after buying an additional 16,727 shares during the quarter. Amazon.com makes up about 2.3% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 8th largest holding. Galvin Gaustad & Stein LLC’s holdings in Amazon.com were worth $25,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Villere ST Denis J & Co. LLC grew its holdings in Amazon.com by 6,140.4% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 156,010 shares of the e-commerce giant’s stock worth $29,069,000 after acquiring an additional 153,510 shares in the last quarter. Holistic Planning LLC grew its stake in Amazon.com by 15.0% in the third quarter. Holistic Planning LLC now owns 15,669 shares of the e-commerce giant’s stock worth $2,920,000 after purchasing an additional 2,045 shares in the last quarter. Pragma Gestao DE Patrimonio Ltd. increased its holdings in Amazon.com by 69.8% in the third quarter. Pragma Gestao DE Patrimonio Ltd. now owns 90,000 shares of the e-commerce giant’s stock valued at $16,770,000 after buying an additional 37,000 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Amazon.com during the third quarter valued at approximately $48,079,000. Finally, Beckerman Institutional LLC bought a new position in Amazon.com during the 3rd quarter worth approximately $262,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value 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. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.8 %

NASDAQ AMZN opened at $231.15 on Wednesday. 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 company has a market capitalization of $2.43 trillion, a P/E ratio of 49.50, a PEG 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. The company’s 50 day simple moving average is $203.67 and its 200 day simple moving average is $190.54.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMZN shares. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased 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. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.67.

About Amazon.com

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.