Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Deltec Asset Management LLC

Deltec Asset Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 181,240 shares of the e-commerce giant’s stock after purchasing an additional 1,020 shares during the period. Amazon.com accounts for about 5.0% of Deltec Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Deltec Asset Management LLC’s holdings in Amazon.com were worth $20,480,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Savior LLC grew its holdings in Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC grew its holdings in Amazon.com by 1,311.8% during 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 in the last quarter. Iron Horse Wealth Management LLC grew its holdings in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares in the last quarter. Finally, Maryland Capital Advisors Inc. grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 285 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $97.25 on Friday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The stock has a market cap of $992.11 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. The company’s 50-day moving average price is $90.72 and its 200 day moving average price is $110.28. 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 (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the prior year, the business earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock valued at $5,077,578 in the last ninety days. Insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Piper Sandler lowered their price target on shares of Amazon.com from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 22nd. Citigroup lowered their price target on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 28th. Bank of America lowered their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 28th. Atlantic Securities lowered their target price on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, Monness Crespi & Hardt lowered their target price on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

About Amazon.com

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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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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