Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Latitude Advisors LLC

Latitude Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,117 shares of the e-commerce giant’s stock after buying an additional 829 shares during the period. Amazon.com accounts for 1.8% of Latitude Advisors LLC’s portfolio, making the stock its 8th biggest holding. Latitude Advisors LLC’s holdings in Amazon.com were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Empire Life Investments Inc. raised its stake in Amazon.com by 3.6% during the 3rd quarter. Empire Life Investments Inc. now owns 308,826 shares of the e-commerce giant’s stock valued at $57,544,000 after purchasing an additional 10,690 shares during the period. Baxter Bros Inc. raised its stake in Amazon.com by 4.0% during the 3rd quarter. Baxter Bros Inc. now owns 30,031 shares of the e-commerce giant’s stock valued at $5,596,000 after purchasing an additional 1,149 shares during the period. Janney Montgomery Scott LLC raised its stake in Amazon.com by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,556,515 shares of the e-commerce giant’s stock valued at $476,356,000 after purchasing an additional 46,811 shares during the period. Allen Wealth Management LLC raised its stake in Amazon.com by 6.4% during the 3rd quarter. Allen Wealth Management LLC now owns 2,170 shares of the e-commerce giant’s stock valued at $404,000 after purchasing an additional 130 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its stake in Amazon.com by 9.2% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 7,030 shares of the e-commerce giant’s stock valued at $1,310,000 after purchasing an additional 593 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.5 %

AMZN opened at $225.04 on Wednesday. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.52 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $143.64 and a 12 month high of $230.08. The stock has a fifty day moving average price of $198.19 and a 200-day moving average price of $188.47.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during 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%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Robert W. Baird lifted their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank lifted their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.42.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’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 directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.