Diversified Portfolios Inc. Buys 90 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Diversified Portfolios Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,681 shares of the e-commerce giant’s stock after buying an additional 90 shares during the period. Diversified Portfolios Inc.’s holdings in Amazon.com were worth $2,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its stake in Amazon.com by 1.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 372,440 shares of the e-commerce giant’s stock valued at $69,397,000 after buying an additional 5,270 shares in the last quarter. ING Groep NV lifted its holdings in shares of Amazon.com by 14.7% during the third quarter. ING Groep NV now owns 3,500,507 shares of the e-commerce giant’s stock valued at $652,249,000 after acquiring an additional 449,110 shares during the period. Sargent Investment Group LLC lifted its holdings in shares of Amazon.com by 8.8% during the third quarter. Sargent Investment Group LLC now owns 52,539 shares of the e-commerce giant’s stock valued at $9,790,000 after acquiring an additional 4,235 shares during the period. Omnia Family Wealth LLC boosted its stake in shares of Amazon.com by 6.7% in the 3rd quarter. Omnia Family Wealth LLC now owns 14,154 shares of the e-commerce giant’s stock valued at $2,637,000 after purchasing an additional 887 shares in the last quarter. Finally, Palo Alto Wealth Advisors LLC grew its holdings in shares of Amazon.com by 53.7% in the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 13,010 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 4,545 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Performance

Shares of AMZN opened at $229.05 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50-day moving average of $207.40 and a two-hundred day moving average of $192.05. The stock 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 one year low of $144.05 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated 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 $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company 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.