Equita Financial Network Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Equita Financial Network Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 47.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,762 shares of the e-commerce giant’s stock after acquiring an additional 883 shares during the period. Equita Financial Network Inc.’s holdings in Amazon.com were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMZN. Welch Group LLC raised its holdings in shares of Amazon.com by 0.5% in the second quarter. Welch Group LLC now owns 53,035 shares of the e-commerce giant’s stock worth $10,249,000 after buying an additional 283 shares during the last quarter. Vanderbilt University lifted its holdings in Amazon.com by 39.4% during the second quarter. Vanderbilt University now owns 27,440 shares of the e-commerce giant’s stock valued at $5,303,000 after purchasing an additional 7,762 shares in the last quarter. Epic Trust Investment Advisors LLC increased its stake in Amazon.com by 25.4% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 4,871 shares of the e-commerce giant’s stock worth $941,000 after buying an additional 986 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in Amazon.com by 5.8% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 40,020 shares of the e-commerce giant’s stock worth $7,734,000 after purchasing an additional 2,185 shares during the last quarter. Finally, DeDora Capital Inc. lifted its stake in Amazon.com by 0.6% in the 2nd quarter. DeDora Capital Inc. now owns 39,036 shares of the e-commerce giant’s stock worth $7,544,000 after purchasing an additional 238 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.30 on Tuesday. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 47.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $209.73 and its two-hundred day moving average is $192.89.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Sanford C. Bernstein increased their target price on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Finally, Tigress Financial lifted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

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.