Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,754 shares of the e-commerce giant’s stock after acquiring an additional 890 shares during the quarter. Amazon.com makes up approximately 3.5% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 2nd biggest holding. Sterling Investment Advisors Ltd.’s holdings in Amazon.com were worth $13,743,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its stake in shares of Amazon.com by 31.6% during the first 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 boosted 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 acquiring an additional 1,081 shares in the last quarter. Motco boosted its stake in Amazon.com by 2.3% in the first quarter. Motco now owns 75,688 shares of the e-commerce giant’s stock valued at $13,653,000 after acquiring an additional 1,716 shares in the last quarter. Bright Financial Advisors Inc. acquired a new stake in Amazon.com in the first quarter valued at approximately $1,149,000. Finally, Kelman Lazarov Inc. boosted its stake in Amazon.com by 2.5% in the first quarter. Kelman Lazarov Inc. now owns 2,883 shares of the e-commerce giant’s stock valued at $520,000 after acquiring an additional 71 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JMP Securities raised their target price on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.0 %

Shares of NASDAQ AMZN opened at $207.89 on Monday. The company’s 50-day simple moving average is $194.78 and its 200-day simple moving average is $186.94. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. 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 announced its 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 net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

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.