Rather & Kittrell Inc. Buys 154 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rather & Kittrell Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,645 shares of the e-commerce giant’s stock after acquiring an additional 154 shares during the quarter. Rather & Kittrell Inc.’s holdings in Amazon.com were worth $307,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp raised its position in shares of Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Amazon.com by 3.4% in the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock valued at $7,917,906,000 after buying an additional 1,329,150 shares during the period. International Assets Investment Management LLC grew its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Amazon.com by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,883,977 shares of the e-commerce giant’s stock worth $6,161,579,000 after acquiring an additional 464,938 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 4.6 %

Shares of Amazon.com stock opened at $220.52 on Thursday. The stock’s 50-day moving average is $204.37 and its 200 day moving average is $190.75. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The firm has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.22, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Robert W. Baird increased their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Wedbush upped their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.00.

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.