Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,571 shares of the e-commerce giant’s stock after buying an additional 10,832 shares during the quarter. Amazon.com comprises 1.7% of Sunbelt Securities Inc.’s holdings, making the stock its 8th largest position. Sunbelt Securities Inc.’s holdings in Amazon.com were worth $17,062,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Semus Wealth Partners LLC grew its stake in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after purchasing an additional 51 shares in the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, Cedar Point Capital Partners LLC grew its stake in Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on 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 in the company, valued at $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 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.6 %

AMZN stock opened at $223.35 on Thursday. 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 company’s 50-day moving average price is $217.02 and its 200 day moving average price is $195.74. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The company has a market cap of $2.35 trillion, a P/E ratio of 47.83, a P/E/G ratio of 1.54 and a beta of 1.14.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm upped their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group upped their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.65.

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.