Broderick Brian C Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Broderick Brian C boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 73,711 shares of the e-commerce giant’s stock after purchasing an additional 328 shares during the quarter. Amazon.com comprises about 2.7% of Broderick Brian C’s holdings, making the stock its 14th biggest holding. Broderick Brian C’s holdings in Amazon.com were worth $13,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMZN. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Maxim Group increased their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Up 1.8 %

AMZN stock opened at $229.05 on Thursday. 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 firm’s fifty day simple moving average is $207.40 and its 200-day simple moving average is $192.05. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a market capitalization of $2.41 trillion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company 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%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. Company insiders own 10.80% of the company’s stock.

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.