Compass Ion Advisors LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Compass Ion Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,689 shares of the e-commerce giant’s stock after purchasing an additional 1,002 shares during the quarter. Amazon.com accounts for 0.6% of Compass Ion Advisors LLC’s investment portfolio, making the stock its 27th largest position. Compass Ion Advisors LLC’s holdings in Amazon.com were worth $4,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vest Financial LLC raised its holdings in Amazon.com by 187.0% during the third quarter. Vest Financial LLC now owns 38,542 shares of the e-commerce giant’s stock worth $7,182,000 after purchasing an additional 25,114 shares during the last quarter. Lee Johnson Capital Management LLC raised its stake in shares of Amazon.com by 1,154.4% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 23,646 shares of the e-commerce giant’s stock worth $4,406,000 after buying an additional 21,761 shares during the last quarter. Buckley Wealth Management LLC boosted its position in shares of Amazon.com by 0.6% in the 3rd quarter. Buckley Wealth Management LLC now owns 77,893 shares of the e-commerce giant’s stock worth $14,514,000 after buying an additional 442 shares in the last quarter. Stegent Equity Advisors Inc. grew its stake in Amazon.com by 36.9% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 2,312 shares of the e-commerce giant’s stock valued at $431,000 after acquiring an additional 623 shares during the last quarter. Finally, West Branch Capital LLC increased its holdings in Amazon.com by 5.4% during the 3rd quarter. West Branch Capital LLC now owns 82,769 shares of the e-commerce giant’s stock valued at $15,422,000 after acquiring an additional 4,243 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush upped their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Price Performance

AMZN opened at $198.70 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 company has a fifty day simple moving average of $192.79 and a 200 day simple moving average of $186.26. The firm has a market cap of $2.09 trillion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.37 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $142.81 and a twelve month high of $215.90.

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 net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last three months. 10.80% of the stock is owned by insiders.

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.