Amazon.com, Inc. (NASDAQ:AMZN) is Metis Global Partners LLC’s 6th Largest Position

Metis Global Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 525,020 shares of the e-commerce giant’s stock after buying an additional 17,147 shares during the quarter. Amazon.com makes up 3.0% of Metis Global Partners LLC’s holdings, making the stock its 6th largest position. Metis Global Partners LLC’s holdings in Amazon.com were worth $97,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. lifted its position in shares of Amazon.com by 20,517.4% in the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after acquiring an additional 3,865,485 shares in the last quarter. National Pension Service raised its stake in Amazon.com by 15.9% in the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its holdings in shares of Amazon.com by 6,590.8% during the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after buying an additional 2,318,713 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.8 %

Shares of NASDAQ:AMZN opened at $229.05 on Wednesday. The firm has a market cap of $2.41 trillion, a P/E ratio of 49.05, 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. The business has a fifty day simple moving average of $206.58 and a 200 day simple moving average of $191.74. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Maxim Group boosted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.00.

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.