Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Leisure Capital Management

Leisure Capital Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,633 shares of the e-commerce giant’s stock after acquiring an additional 460 shares during the quarter. Leisure Capital Management’s holdings in Amazon.com were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Terra Nova Asset Management LLC boosted its holdings in shares of Amazon.com by 0.9% in the third quarter. Terra Nova Asset Management LLC now owns 19,282 shares of the e-commerce giant’s stock valued at $3,593,000 after acquiring an additional 176 shares during the period. McKinley Carter Wealth Services Inc. lifted its stake in shares of Amazon.com by 3.6% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 48,175 shares of the e-commerce giant’s stock worth $8,976,000 after acquiring an additional 1,676 shares during the period. Sumitomo Life Insurance Co. lifted its stake in shares of Amazon.com by 1.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 170,159 shares of the e-commerce giant’s stock worth $31,706,000 after acquiring an additional 2,155 shares during the period. Sunpointe LLC boosted its position in shares of Amazon.com by 2.0% during the 3rd quarter. Sunpointe LLC now owns 21,267 shares of the e-commerce giant’s stock worth $3,963,000 after purchasing an additional 415 shares in the last quarter. Finally, Stage Harbor Financial LLC grew its holdings in shares of Amazon.com by 2.9% in the 3rd quarter. Stage Harbor Financial LLC now owns 3,564 shares of the e-commerce giant’s stock worth $673,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $211.48 on Friday. The firm’s 50-day simple moving average is $189.87 and its 200 day simple moving average is $185.36. The stock has a market cap of $2.22 trillion, a P/E ratio of 45.28, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90.

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. 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 period in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMZN. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. TD Cowen upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Jefferies Financial Group increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last ninety days. 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.