Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,872 shares of the e-commerce giant’s stock after acquiring an additional 112 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Amazon.com were worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AMZN. Savior LLC grew its position in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC grew its holdings in shares of Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the period. Wells Financial Advisors INC raised its position in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. UBS Group cut their price objective on Amazon.com from $165.00 to $125.00 in a report on Wednesday, January 4th. Oppenheimer dropped their target price on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Raymond James reduced their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Robert W. Baird lowered their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Truist Financial reduced their target price on Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last quarter. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $93.68 on Friday. The firm has a market capitalization of $955.69 billion, a PE ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The business’s 50 day moving average is $90.79 and its 200-day moving average is $110.37.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.