Pegasus Partners Ltd. Purchases 3,385 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pegasus Partners Ltd. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,715 shares of the e-commerce giant’s stock after buying an additional 3,385 shares during the period. Pegasus Partners Ltd.’s holdings in Amazon.com were worth $4,046,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the 3rd quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Monday. Monness Crespi & Hardt increased their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank lifted their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $242.00.

Amazon.com Stock Down 4.6 %

Shares of NASDAQ:AMZN opened at $220.52 on Thursday. The firm has a market capitalization of $2.32 trillion, a P/E ratio of 47.22, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day moving average price of $204.37 and a 200-day moving average price of $190.75. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00.

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

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 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.