Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by BIP Wealth LLC

BIP Wealth LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,991 shares of the e-commerce giant’s stock after purchasing an additional 1,667 shares during the quarter. BIP Wealth LLC’s holdings in Amazon.com were worth $3,537,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Loop Capital boosted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Maxim Group increased their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. 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’s 50-day simple moving average is $209.73 and its 200 day simple moving average is $192.89. The company has a market cap of $2.33 trillion, a P/E ratio of 47.39, a P/E/G 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 for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. 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.