Amazon.com, Inc. (NASDAQ:AMZN) is Ascent Group LLC’s 8th Largest Position

Ascent Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,653 shares of the e-commerce giant’s stock after acquiring an additional 1,453 shares during the quarter. Amazon.com accounts for about 1.4% of Ascent Group LLC’s holdings, making the stock its 8th largest position. Ascent Group LLC’s holdings in Amazon.com were worth $18,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Tevis Investment Management grew its holdings in Amazon.com by 5.7% during the second quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock valued at $731,000 after purchasing an additional 203 shares during the period. Bridge Advisory LLC grew its holdings in Amazon.com by 4.9% during the second quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock valued at $1,810,000 after purchasing an additional 440 shares during the period. Geneos Wealth Management Inc. grew its holdings in Amazon.com by 2.9% during the second quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock valued at $20,945,000 after purchasing an additional 3,042 shares during the period. U S Global Investors Inc. grew its holdings in Amazon.com by 117.8% during the second quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock valued at $2,315,000 after purchasing an additional 6,480 shares during the period. Finally, Vinland Capital Management Gestora de Recursos LTDA. bought a new position in Amazon.com during the second quarter valued at $3,865,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Two research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Trading Down 1.4 %

NASDAQ AMZN opened at $218.94 on Friday. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14. The stock’s 50-day simple moving average is $216.20 and its two-hundred day simple moving average is $195.34. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.