Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 27,162 shares of the e-commerce giant’s stock after acquiring an additional 1,060 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Amazon.com were worth $5,061,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMZN. Bfsg LLC boosted its holdings in shares of Amazon.com by 4.2% in the 3rd quarter. Bfsg LLC now owns 43,790 shares of the e-commerce giant’s stock valued at $8,159,000 after acquiring an additional 1,781 shares during the last quarter. SPC Financial Inc. boosted its holdings in Amazon.com by 11.4% in the third quarter. SPC Financial Inc. now owns 22,535 shares of the e-commerce giant’s stock valued at $4,199,000 after purchasing an additional 2,308 shares during the last quarter. Alliance Wealth Advisors LLC grew its position in Amazon.com by 5.3% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 7,535 shares of the e-commerce giant’s stock worth $1,404,000 after purchasing an additional 377 shares during the period. B.O.S.S. Retirement Advisors LLC raised its stake in shares of Amazon.com by 11.3% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 71,170 shares of the e-commerce giant’s stock valued at $13,261,000 after buying an additional 7,226 shares during the last quarter. Finally, Market Street Wealth Management Advisors LLC lifted its holdings in shares of Amazon.com by 7.5% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $866,000 after buying an additional 323 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $202.61 on Friday. 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 stock has a market cap of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14. The stock has a 50 day moving average of $190.54 and a two-hundred day moving average of $185.54. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, TD Cowen lifted their price target on Amazon.com from $230.00 to $240.00 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 1.00 % 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 three months. 10.80% of the stock is currently owned by company insiders.

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.