Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Goldstone Financial Group LLC

Goldstone Financial Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,515 shares of the e-commerce giant’s stock after purchasing an additional 447 shares during the period. Goldstone Financial Group LLC’s holdings in Amazon.com were worth $3,184,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Semus Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares during the period. Bell Investment Advisors Inc increased its position in shares of 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 lifted its holdings 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 valued at $473,000 after purchasing an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC boosted its position in Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying 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 third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock worth $1,252,456,773 in the last three months. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $280.00 price objective (up previously from $260.00) on shares of Amazon.com in a research note on Monday. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Telsey Advisory Group boosted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $249.46.

Amazon.com Price Performance

Shares of AMZN opened at $234.64 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a 50 day moving average of $222.30 and a 200-day moving average of $198.30.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

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.