Truepoint Inc. Has $1.29 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Truepoint Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,941 shares of the e-commerce giant’s stock after acquiring an additional 1,357 shares during the quarter. Truepoint Inc.’s holdings in Amazon.com were worth $1,293,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jim Saulnier & Associates LLC bought a new stake in shares of Amazon.com during the third quarter worth $258,000. KKM Financial LLC lifted its stake in shares of Amazon.com by 5.1% in the 3rd quarter. KKM Financial LLC now owns 19,075 shares of the e-commerce giant’s stock valued at $3,554,000 after acquiring an additional 933 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Amazon.com during the 3rd quarter valued at $15,082,000. Kingsview Wealth Management LLC grew its position in Amazon.com by 10.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 477,074 shares of the e-commerce giant’s stock worth $88,893,000 after acquiring an additional 43,527 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Amazon.com by 17.2% in the 3rd quarter. Cerity Partners LLC now owns 3,639,220 shares of the e-commerce giant’s stock worth $678,096,000 after purchasing an additional 532,817 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.8 %

AMZN opened at $224.19 on Friday. 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 debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company’s 50-day moving average is $212.34 and its 200 day moving average is $193.77. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released 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 company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.44.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

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.