Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,149 shares of the e-commerce giant’s stock after buying an additional 2,316 shares during the quarter. Amazon.com makes up about 1.4% of Naviter Wealth LLC’s investment portfolio, making the stock its 12th biggest holding. Naviter Wealth LLC’s holdings in Amazon.com were worth $9,717,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC lifted its stake in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the period. O Connor Financial Group LLC boosted its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its position in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after acquiring an additional 55 shares during the last quarter. Finally, Lutz Financial Services LLC increased its stake in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on 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 approximately $8,820,000. This trade represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $202.61 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The firm has a 50 day moving average of $191.16 and a 200 day moving average of $185.69. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Sanford C. Bernstein increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Maxim Group boosted their price objective 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. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $235.45.

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.