Eaton Financial Holdings Company LLC Takes $3.94 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Eaton Financial Holdings Company LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 21,130 shares of the e-commerce giant’s stock, valued at approximately $3,937,000. Amazon.com comprises 1.6% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 19th biggest position.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Rench Wealth Management Inc. raised its holdings in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares during the period. Umpqua Bank lifted its position in Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares during the period. Washington Trust Advisors Inc. grew its stake in Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after purchasing an additional 982 shares during the last quarter. Finally, First Dallas Securities Inc. increased its holdings in shares of Amazon.com by 12.5% in the third quarter. First Dallas Securities Inc. now owns 28,238 shares of the e-commerce giant’s stock valued at $5,262,000 after purchasing an additional 3,140 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $220.66 on Friday. The stock has a 50 day moving average price of $217.35 and a 200 day moving average price of $195.93. The stock has a market cap of $2.32 trillion, a PE ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14. 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 one year low of $149.91 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities research analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. Redburn Atlantic lifted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Robert W. Baird upped their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley upped their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wedbush lifted their price objective on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Two investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Insiders Place Their Bets

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’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 transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % 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. Company insiders own 10.80% of the company’s stock.

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.