1,029,954 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Zacks Investment Management

Zacks Investment Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,029,954 shares of the e-commerce giant’s stock, valued at approximately $191,911,000. Amazon.com makes up about 1.7% of Zacks Investment Management’s portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. raised its position in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Umpqua Bank raised its position in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. Washington Trust Advisors Inc. raised its position in shares of Amazon.com by 0.4% in the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock valued at $41,972,000 after purchasing an additional 982 shares during the period. Finally, Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the third quarter valued at about $279,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ AMZN opened at $218.46 on Tuesday. The company has a 50 day simple moving average of $216.66 and a 200 day simple moving average of $195.57. The firm has a market cap of $2.30 trillion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $149.91 and a 1 year high of $233.00. 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 issued its quarterly earnings data 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. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMZN shares. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Telsey Advisory Group increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $245.33.

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.