Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by GuoLine Advisory Pte Ltd

GuoLine Advisory Pte Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,680 shares of the e-commerce giant’s stock after acquiring an additional 75,630 shares during the period. Amazon.com accounts for about 5.4% of GuoLine Advisory Pte Ltd’s investment portfolio, making the stock its 6th largest holding. GuoLine Advisory Pte Ltd’s holdings in Amazon.com were worth $53,231,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMZN. First Citizens Financial Corp lifted its holdings in shares of Amazon.com by 8.4% during the third quarter. First Citizens Financial Corp now owns 1,568 shares of the e-commerce giant’s stock valued at $292,000 after purchasing an additional 122 shares during the last quarter. Duncan Williams Asset Management LLC grew its stake in shares of Amazon.com by 33.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 13,123 shares of the e-commerce giant’s stock worth $2,445,000 after buying an additional 3,277 shares during the last quarter. Capital Market Strategies LLC increased its position in Amazon.com by 2.7% during the 3rd quarter. Capital Market Strategies LLC now owns 9,396 shares of the e-commerce giant’s stock valued at $1,751,000 after buying an additional 246 shares in the last quarter. Apella Capital LLC raised its stake in Amazon.com by 9.6% during the third quarter. Apella Capital LLC now owns 25,745 shares of the e-commerce giant’s stock valued at $4,757,000 after buying an additional 2,257 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its holdings in Amazon.com by 3.4% in the third quarter. Delta Financial Group Inc. now owns 21,608 shares of the e-commerce giant’s stock worth $4,026,000 after acquiring an additional 708 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock valued at $9,215,048 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 3.3 %

Shares of Amazon.com stock opened at $186.40 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a fifty day moving average of $184.40 and a 200 day moving average of $183.65. The company has a market capitalization of $1.96 trillion, a P/E ratio of 44.59, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $131.71 and a fifty-two week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMZN shares. Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Sanford C. Bernstein increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Piper Sandler decreased their price objective on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

About Amazon.com

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.