1,260 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,260 shares of the e-commerce giant’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently modified their holdings of AMZN. Levy Wealth Management Group LLC boosted its position in Amazon.com by 1.2% during the 2nd quarter. Levy Wealth Management Group LLC now owns 8,887 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 106 shares in the last quarter. David Kennon Inc lifted its stake in shares of Amazon.com by 2.4% during the 2nd quarter. David Kennon Inc now owns 2,960 shares of the e-commerce giant’s stock worth $572,000 after purchasing an additional 70 shares during the last quarter. Aries Wealth Management boosted its position in Amazon.com by 0.7% during the second quarter. Aries Wealth Management now owns 40,983 shares of the e-commerce giant’s stock valued at $7,920,000 after purchasing an additional 295 shares in the last quarter. WT Asset Management Ltd purchased a new position in Amazon.com in the second quarter valued at about $85,582,000. Finally, Optas LLC raised its holdings in Amazon.com by 3.6% in the second quarter. Optas LLC now owns 35,099 shares of the e-commerce giant’s stock worth $6,783,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.3 %

NASDAQ:AMZN opened at $217.76 on Wednesday. The firm has a market capitalization of $2.29 trillion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $217.02 and a 200-day moving average of $195.74.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business 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 company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction 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 sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMZN shares. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday, December 10th. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group raised their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Scotiabank upped their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $245.65.

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.