Resources Management Corp CT ADV Acquires 5,628 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Resources Management Corp CT ADV grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,989 shares of the e-commerce giant’s stock after acquiring an additional 5,628 shares during the period. Resources Management Corp CT ADV’s holdings in Amazon.com were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rench Wealth Management Inc. lifted its position in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after acquiring an additional 16,392 shares during the period. Umpqua Bank lifted its holdings in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in shares of Amazon.com by 0.4% in the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after purchasing an additional 982 shares during the period. Finally, Sassicaia Capital Advisers LLC purchased a new stake in shares of Amazon.com in the third quarter worth $279,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $217.76 on Wednesday. The company has a 50 day moving average price of $217.02 and a 200-day moving average price of $195.74. 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, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The company has a market capitalization of $2.29 trillion, a PE ratio of 46.63, a P/E/G ratio of 1.54 and a beta of 1.14.

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. 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 period last year, the business posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. 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 report on Friday, November 1st. Finally, Loop Capital increased their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $245.65.

Amazon.com Company 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.