Accelerate Investment Advisors LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Accelerate Investment Advisors LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,008 shares of the e-commerce giant’s stock, valued at approximately $2,424,000. Amazon.com makes up approximately 2.4% of Accelerate Investment Advisors LLC’s investment portfolio, making the stock its 9th largest holding.

Several other large investors also recently added to or reduced their stakes in AMZN. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $206.84 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The stock’s 50-day moving average is $187.83 and its 200-day moving average is $184.71. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Morgan Stanley raised their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. UBS Group upped 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. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction 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 approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction 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 approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,859 shares of company stock valued at $10,215,097. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.