Nvest Financial LLC Buys 422 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nvest Financial LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,789 shares of the e-commerce giant’s stock after acquiring an additional 422 shares during the quarter. Amazon.com accounts for about 2.5% of Nvest Financial LLC’s holdings, making the stock its 10th biggest position. Nvest Financial LLC’s holdings in Amazon.com were worth $4,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter valued at $69,000. Finally, Innealta Capital LLC acquired a new stake in shares of Amazon.com during the second quarter valued at $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’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 value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.9 %

Shares of NASDAQ AMZN opened at $208.18 on Friday. 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 1 year low of $139.52 and a 1 year high of $212.25. The stock’s 50-day simple moving average is $187.83 and its 200-day simple moving average is $184.62. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company 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 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Oppenheimer upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Friday, November 1st. Finally, Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

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.