Amazon.com, Inc. (NASDAQ:AMZN) is Milestone Resources Group Ltd’s 5th Largest Position

Milestone Resources Group Ltd boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,916 shares of the e-commerce giant’s stock after purchasing an additional 286,141 shares during the quarter. Amazon.com comprises approximately 7.7% of Milestone Resources Group Ltd’s portfolio, making the stock its 5th biggest holding. Milestone Resources Group Ltd’s holdings in Amazon.com were worth $220,599,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Helios Capital Management PTE. Ltd. grew its position in Amazon.com by 15.1% in the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after acquiring an additional 5,300 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Amazon.com by 7.0% during the second quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock worth $14,096,000 after purchasing an additional 4,749 shares during the last quarter. Instrumental Wealth LLC boosted its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock worth $907,000 after purchasing an additional 64 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Amazon.com by 5.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock valued at $8,785,000 after purchasing an additional 2,332 shares during the last quarter. Finally, Park Edge Advisors LLC raised its holdings in shares of Amazon.com by 5.9% during the 2nd quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant’s stock valued at $2,205,000 after buying an additional 640 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Wells Fargo & Company upped their target price on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Wedbush upped their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Tigress Financial lifted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Telsey Advisory Group upped their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group raised their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.65.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $225.94 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. The stock’s 50 day moving average is $217.56 and its 200 day moving average is $196.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm 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 was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

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.