Benjamin Edwards Inc. Acquires 194,151 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Benjamin Edwards Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 460.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,294 shares of the e-commerce giant’s stock after acquiring an additional 194,151 shares during the quarter. Benjamin Edwards Inc.’s holdings in Amazon.com were worth $44,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Atom Investors LP raised its position in shares of Amazon.com by 79.3% in the third quarter. Atom Investors LP now owns 49,170 shares of the e-commerce giant’s stock valued at $9,162,000 after purchasing an additional 21,751 shares during the period. Atreides Management LP grew its stake in shares of Amazon.com by 18.8% in the third quarter. Atreides Management LP now owns 931,107 shares of the e-commerce giant’s stock valued at $173,493,000 after acquiring an additional 147,513 shares in the last quarter. Bamco Inc. NY grew its stake in Amazon.com by 1.3% during the third quarter. Bamco Inc. NY now owns 1,095,502 shares of the e-commerce giant’s stock worth $204,125,000 after buying an additional 13,622 shares in the last quarter. Kestra Investment Management LLC grew its stake in Amazon.com by 14.9% during the third quarter. Kestra Investment Management LLC now owns 33,439 shares of the e-commerce giant’s stock worth $6,231,000 after buying an additional 4,337 shares in the last quarter. Finally, Royal Capital Wealth Management LLC grew its stake in Amazon.com by 10.0% during the third quarter. Royal Capital Wealth Management LLC now owns 21,971 shares of the e-commerce giant’s stock worth $4,094,000 after buying an additional 2,000 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wedbush raised their price target on shares of Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Robert W. Baird raised their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Roth Mkm lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.67.

Amazon.com Trading Down 1.4 %

Shares of Amazon.com stock opened at $218.94 on Friday. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00. The stock’s 50-day simple moving average is $216.20 and its 200 day simple moving average is $195.34. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Company 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.