SkyView Investment Advisors LLC Purchases 214 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SkyView Investment Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,217 shares of the e-commerce giant’s stock after purchasing an additional 214 shares during the period. SkyView Investment Advisors LLC’s holdings in Amazon.com were worth $3,022,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in shares of Amazon.com by 1.2% in the 3rd quarter. Westside Investment Management Inc. now owns 54,073 shares of the e-commerce giant’s stock valued at $10,047,000 after buying an additional 629 shares in the last quarter. Unigestion Holding SA lifted its holdings in Amazon.com by 17.4% during the third quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock worth $3,686,000 after acquiring an additional 2,928 shares in the last quarter. Second Line Capital LLC grew its stake in Amazon.com by 141.1% in the third quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock valued at $3,824,000 after acquiring an additional 12,011 shares during the period. TCW Group Inc. increased its holdings in shares of Amazon.com by 2.0% in the third quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock worth $439,482,000 after acquiring an additional 46,277 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its position in shares of Amazon.com by 0.5% during the third quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock worth $6,972,000 after purchasing an additional 188 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $220.66 on Friday. The stock has a market cap of $2.32 trillion, a PE ratio of 47.25, a P/E/G ratio of 1.22 and a beta of 1.14. 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 firm has a 50-day moving average of $217.35 and a 200-day moving average of $195.93. Amazon.com, Inc. has a 52-week low of $149.91 and a 52-week high of $233.00.

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, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.38 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank boosted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. 10.80% of the stock is owned by company insiders.

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.