8,875 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Acquired by B&L Asset Management LLC

B&L Asset Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,875 shares of the e-commerce giant’s stock, valued at approximately $1,654,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Keeler Thomas Management LLC increased its stake in shares of Amazon.com by 6.9% during the 2nd quarter. Keeler Thomas Management LLC now owns 20,996 shares of the e-commerce giant’s stock worth $4,057,000 after purchasing an additional 1,361 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its position in Amazon.com by 12.1% during the second quarter. Moss Adams Wealth Advisors LLC now owns 33,354 shares of the e-commerce giant’s stock worth $6,446,000 after buying an additional 3,601 shares during the last quarter. Inlet Private Wealth LLC raised its holdings in Amazon.com by 3.0% during the second quarter. Inlet Private Wealth LLC now owns 6,554 shares of the e-commerce giant’s stock valued at $1,267,000 after buying an additional 192 shares in the last quarter. Harbour Trust & Investment Management Co lifted its position in shares of Amazon.com by 28.9% in the second quarter. Harbour Trust & Investment Management Co now owns 13,894 shares of the e-commerce giant’s stock worth $2,685,000 after buying an additional 3,115 shares during the last quarter. Finally, Trust Co. of Oklahoma increased its holdings in shares of Amazon.com by 0.7% during the 2nd quarter. Trust Co. of Oklahoma now owns 22,874 shares of the e-commerce giant’s stock valued at $4,420,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $222.13 on Friday. The stock has a market cap of $2.34 trillion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The stock has a 50-day moving average price of $215.78 and a two-hundred day moving average price of $195.11. Amazon.com, Inc. has a 1 year low of $148.21 and a 1 year 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 firm 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 was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMZN shares. Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Piper Sandler increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Benchmark raised their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.67.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.