Motley Fool Asset Management LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Motley Fool Asset Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 439,669 shares of the e-commerce giant’s stock after acquiring an additional 57,545 shares during the period. Amazon.com comprises approximately 4.8% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Motley Fool Asset Management LLC’s holdings in Amazon.com were worth $81,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter worth approximately $45,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new position in Amazon.com during the third quarter worth approximately $56,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report 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’s stock. According to MarketBeat, Amazon.com 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 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. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business’s fifty day moving average is $216.20 and its 200 day moving average is $195.41.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on 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 directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is owned by corporate 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.