Nabity Jensen Investment Management Inc Purchases New Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Nabity Jensen Investment Management Inc acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,769 shares of the e-commerce giant’s stock, valued at approximately $1,634,000. Amazon.com accounts for about 1.3% of Nabity Jensen Investment Management Inc’s holdings, making the stock its 17th biggest position.

Other large investors also recently made changes to their positions in the company. Continuum Advisory LLC boosted its position in shares of Amazon.com by 2.1% in the third quarter. Continuum Advisory LLC now owns 69,968 shares of the e-commerce giant’s stock worth $13,037,000 after buying an additional 1,419 shares during the period. Harvest Investment Advisors LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $533,000. PYA Waltman Capital LLC lifted its position in Amazon.com by 13.0% during the 3rd quarter. PYA Waltman Capital LLC now owns 61,653 shares of the e-commerce giant’s stock worth $11,488,000 after acquiring an additional 7,090 shares in the last quarter. Peloton Wealth Strategists boosted its holdings in Amazon.com by 6.5% in the 3rd quarter. Peloton Wealth Strategists now owns 40,452 shares of the e-commerce giant’s stock worth $7,537,000 after acquiring an additional 2,477 shares during the period. Finally, Geller Advisors LLC grew its position in Amazon.com by 3.2% in the third quarter. Geller Advisors LLC now owns 28,644 shares of the e-commerce giant’s stock valued at $5,337,000 after acquiring an additional 879 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, 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, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Robert W. Baird increased their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.75 on Friday. The firm’s 50 day moving average is $209.73 and its two-hundred day moving average is $192.81. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week 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, beating 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 analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.