Beckerman Institutional LLC Buys New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Beckerman Institutional LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,408 shares of the e-commerce giant’s stock, valued at approximately $262,000.

Several other institutional investors have also recently made changes to their positions in AMZN. Leavell Investment Management Inc. grew its stake in shares of Amazon.com by 14.6% during the 3rd quarter. Leavell Investment Management Inc. now owns 85,148 shares of the e-commerce giant’s stock valued at $15,866,000 after acquiring an additional 10,855 shares during the period. Triune Financial Partners LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $234,000. ABLE Financial Group LLC lifted its holdings in Amazon.com by 0.8% during the third quarter. ABLE Financial Group LLC now owns 22,814 shares of the e-commerce giant’s stock valued at $4,251,000 after purchasing an additional 187 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Amazon.com by 5.6% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 5,756 shares of the e-commerce giant’s stock worth $1,073,000 after purchasing an additional 306 shares during the period. Finally, Capital Performance Advisors LLP increased its stake in shares of Amazon.com by 26.7% in the third quarter. Capital Performance Advisors LLP now owns 20,077 shares of the e-commerce giant’s stock worth $3,741,000 after purchasing an additional 4,231 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Loop Capital lifted their target price on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.67.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was 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 in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $231.15 on Wednesday. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 49.50, a PEG ratio of 1.54 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 $144.05 and a 12-month high of $233.00. The business’s fifty day simple moving average is $203.67 and its 200-day simple moving average is $190.54.

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, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

About Amazon.com

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.