Raab & Moskowitz Asset Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,952 shares of the e-commerce giant’s stock after buying an additional 164 shares during the quarter. Amazon.com accounts for approximately 1.7% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Raab & Moskowitz Asset Management LLC’s holdings in Amazon.com were worth $6,699,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $56,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ AMZN opened at $218.46 on Tuesday. The company has a 50-day simple moving average of $216.66 and a two-hundred day simple moving average of $195.57. 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 12-month low of $149.91 and a 12-month high of $233.00. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14.
Analyst Ratings Changes
AMZN has been the subject of several research analyst reports. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $245.33.
Read Our Latest Stock Report on Amazon.com
Insider Transactions at Amazon.com
In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.
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.
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