Graybill Wealth Management LTD. Purchases 151 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Graybill Wealth Management LTD. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,709 shares of the e-commerce giant’s stock after buying an additional 151 shares during the period. Amazon.com comprises 2.1% of Graybill Wealth Management LTD.’s holdings, making the stock its 22nd largest position. Graybill Wealth Management LTD.’s holdings in Amazon.com were worth $5,536,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its stake in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of Amazon.com by 3.6% in the first quarter. Empirical Finance LLC now owns 318,667 shares of the e-commerce giant’s stock valued at $57,481,000 after buying an additional 11,133 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Amazon.com by 10.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 519,213 shares of the e-commerce giant’s stock worth $93,656,000 after acquiring an additional 48,933 shares in the last quarter. Finally, Motive Wealth Advisors raised its holdings in shares of Amazon.com by 74.7% during the first quarter. Motive Wealth Advisors now owns 8,224 shares of the e-commerce giant’s stock worth $1,483,000 after acquiring an additional 3,516 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer lifted their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities raised their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Trading Down 0.6 %

Shares of AMZN stock opened at $197.12 on Friday. The stock has a 50 day simple moving average of $193.00 and a 200 day simple moving average of $186.31. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. 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 $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is currently owned by corporate 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.