Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Retirement Guys Formula LLC

Retirement Guys Formula LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 213.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,696 shares of the e-commerce giant’s stock after acquiring an additional 6,600 shares during the period. Retirement Guys Formula LLC’s holdings in Amazon.com were worth $1,807,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Zhang Financial LLC increased its stake in shares of Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC increased its stake in shares of Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

Shares of NASDAQ:AMZN opened at $197.12 on Friday. The firm has a fifty day moving average of $193.00 and a two-hundred day moving average of $186.32. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. 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 issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on 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 sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush raised their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $235.77.

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.