Nicolet Advisory Services LLC Purchases 1,920 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nicolet Advisory Services LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,439 shares of the e-commerce giant’s stock after purchasing an additional 1,920 shares during the quarter. Amazon.com accounts for about 0.9% of Nicolet Advisory Services LLC’s holdings, making the stock its 26th largest holding. Nicolet Advisory Services LLC’s holdings in Amazon.com were worth $9,360,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GenTrust LLC boosted its stake in Amazon.com by 45.8% in the third quarter. GenTrust LLC now owns 56,805 shares of the e-commerce giant’s stock worth $10,584,000 after buying an additional 17,840 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Amazon.com by 33.7% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,144,778 shares of the e-commerce giant’s stock valued at $574,540,000 after purchasing an additional 792,798 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Amazon.com by 16.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,606,000 shares of the e-commerce giant’s stock valued at $299,246,000 after purchasing an additional 232,119 shares during the last quarter. Financial Council LLC raised its position in Amazon.com by 2.0% in the 3rd quarter. Financial Council LLC now owns 6,875 shares of the e-commerce giant’s stock worth $1,281,000 after purchasing an additional 136 shares during the period. Finally, Nwam LLC lifted its stake in Amazon.com by 8.4% in the third quarter. Nwam LLC now owns 161,646 shares of the e-commerce giant’s stock worth $30,119,000 after purchasing an additional 12,459 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.8 %

Shares of NASDAQ:AMZN opened at $224.19 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The stock’s fifty day moving average price is $212.34 and its 200-day moving average price is $193.77. The company has a market cap of $2.36 trillion, a P/E ratio of 48.01, 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 announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (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 the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Truist Financial lifted their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.44.

Amazon.com Company 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.