Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Reliant Investment Management LLC

Reliant Investment Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,802 shares of the e-commerce giant’s stock after buying an additional 775 shares during the period. Amazon.com accounts for about 3.1% of Reliant Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Reliant Investment Management LLC’s holdings in Amazon.com were worth $6,485,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the last quarter. GAMMA Investing LLC lifted its stake in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after purchasing an additional 19,231 shares during the last quarter. Stonekeep Investments LLC bought a new stake in Amazon.com during the second quarter worth approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after buying an additional 654,908 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMZN shares. Telsey Advisory Group raised their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. UBS Group lifted their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays upped their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Roth Mkm raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $195.78 on Tuesday. The firm has a fifty day moving average price of $185.23 and a two-hundred day moving average price of $183.89. Amazon.com, Inc. has a fifty-two week low of $138.36 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $2.05 trillion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released 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. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,855 shares of company stock worth $9,215,048. Company insiders own 10.80% of the company’s stock.

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.