Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Worth Asset Management LLC

Worth Asset Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,562 shares of the e-commerce giant’s stock after acquiring an additional 123 shares during the period. Worth Asset Management LLC’s holdings in Amazon.com were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Exchange Capital Management Inc. boosted its stake in shares of Amazon.com by 2.3% during the 1st quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after acquiring an additional 2,482 shares in the last quarter. Financial Strategies Group Inc. lifted its stake in Amazon.com by 11.0% in the 1st quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock worth $7,693,000 after purchasing an additional 4,097 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in Amazon.com by 0.4% in the 1st quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock worth $2,809,000 after purchasing an additional 65 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Amazon.com by 1.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock worth $2,136,000 after purchasing an additional 185 shares in the last quarter. Finally, Dash Acquisitions Inc. lifted its stake in Amazon.com by 3.3% in the 1st quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock worth $26,199,000 after purchasing an additional 4,639 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.4 %

Shares of AMZN opened at $210.05 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The firm has a market capitalization of $2.21 trillion, a P/E ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average is $186.48 and its two-hundred day moving average is $184.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. Truist Financial raised their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Finally, UBS Group boosted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock valued at $10,215,097 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.