World Investment Advisors LLC Acquires 691,770 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

World Investment Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 706.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 789,755 shares of the e-commerce giant’s stock after acquiring an additional 691,770 shares during the quarter. Amazon.com makes up 0.8% of World Investment Advisors LLC’s holdings, making the stock its 20th largest holding. World Investment Advisors LLC’s holdings in Amazon.com were worth $147,155,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Wesleyan Assurance Society bought a new position in shares of Amazon.com during the 2nd quarter worth $1,199,000. Value Star Asset Management Hong Kong Ltd grew its position in shares of Amazon.com by 16.7% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 35,000 shares of the e-commerce giant’s stock worth $6,764,000 after buying an additional 5,000 shares in the last quarter. Waterway Wealth Management LLC grew its position in shares of Amazon.com by 3.1% during the 2nd quarter. Waterway Wealth Management LLC now owns 3,320 shares of the e-commerce giant’s stock worth $642,000 after buying an additional 100 shares in the last quarter. Etesian Wealth Advisors Inc. grew its position in shares of Amazon.com by 2.2% during the 2nd quarter. Etesian Wealth Advisors Inc. now owns 17,622 shares of the e-commerce giant’s stock worth $3,405,000 after buying an additional 380 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV grew its position in shares of Amazon.com by 31.2% during the 2nd quarter. Planning Alternatives Ltd. ADV now owns 1,619 shares of the e-commerce giant’s stock worth $313,000 after buying an additional 385 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.2 %

Amazon.com stock opened at $218.46 on Tuesday. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The business’s 50-day moving average price is $216.66 and its 200 day moving average price is $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 (NASDAQ:AMZN) last posted its earnings results 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 analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value 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. The trade was a 4.70 % 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 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMZN shares. Oppenheimer increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Rosenblatt Securities upped their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.33.

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.