Taurus Asset Management LLC Acquires 1,749 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Taurus Asset Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 253,546 shares of the e-commerce giant’s stock after acquiring an additional 1,749 shares during the quarter. Amazon.com makes up about 4.6% of Taurus Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Taurus Asset Management LLC’s holdings in Amazon.com were worth $47,243,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tsfg LLC grew its holdings in Amazon.com by 6.5% during the 2nd quarter. Tsfg LLC now owns 40,602 shares of the e-commerce giant’s stock worth $7,846,000 after acquiring an additional 2,471 shares during the period. Sky Investment Group LLC lifted its stake in shares of Amazon.com by 3.8% in the 2nd quarter. Sky Investment Group LLC now owns 25,809 shares of the e-commerce giant’s stock valued at $4,988,000 after purchasing an additional 940 shares during the period. Key Client Fiduciary Advisors LLC boosted its position in shares of Amazon.com by 1.0% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 27,844 shares of the e-commerce giant’s stock valued at $5,381,000 after purchasing an additional 273 shares in the last quarter. PGGM Investments grew its stake in Amazon.com by 4.4% during the second quarter. PGGM Investments now owns 349,715 shares of the e-commerce giant’s stock worth $67,582,000 after purchasing an additional 14,756 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Amazon.com by 5.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 548,166 shares of the e-commerce giant’s stock worth $105,933,000 after purchasing an additional 28,953 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.5 %

Shares of Amazon.com stock opened at $223.75 on Friday. The firm has a 50-day simple moving average of $209.73 and a two-hundred day simple moving average of $192.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The company has a market cap of $2.35 trillion, a P/E ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMZN shares. The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Truist Financial upped their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given 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.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on 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 completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

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.