Asset Allocation Strategies LLC Buys 76 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Asset Allocation Strategies LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,491 shares of the e-commerce giant’s stock after purchasing an additional 76 shares during the quarter. Asset Allocation Strategies LLC’s holdings in Amazon.com were worth $650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Amazon.com by 1.7% during the second quarter. MinichMacGregor Wealth Management LLC now owns 9,481 shares of the e-commerce giant’s stock worth $1,832,000 after buying an additional 163 shares in the last quarter. Raymond James Trust CO. of NH acquired a new stake in shares of Amazon.com during the second quarter worth $220,000. Addison Capital Co lifted its holdings in shares of Amazon.com by 6.5% during the second quarter. Addison Capital Co now owns 16,691 shares of the e-commerce giant’s stock worth $3,226,000 after buying an additional 1,013 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of Amazon.com by 13.4% during the second quarter. First Heartland Consultants Inc. now owns 72,243 shares of the e-commerce giant’s stock worth $13,961,000 after buying an additional 8,557 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its holdings in shares of Amazon.com by 7.5% during the second quarter. Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock worth $1,378,000 after buying an additional 524 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This 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 available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $223.35 on Thursday. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s 50 day moving average price is $217.02 and its two-hundred day moving average price is $195.74. The firm has a market cap of $2.35 trillion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.