Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Libra Wealth LLC

Libra Wealth LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the third quarter, Holdings Channel reports. The fund owned 7,500 shares of the e-commerce giant’s stock after purchasing an additional 420 shares during the quarter. Amazon.com comprises 0.5% of Libra Wealth LLC’s portfolio, making the stock its 21st biggest holding. Libra Wealth LLC’s holdings in Amazon.com were worth $848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Planning LLC raised its holdings in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its position in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. 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. Insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. Bank of America decreased their price target on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Wells Fargo & Company decreased their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Cowen decreased their price objective on Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Evercore ISI cut their price target on Amazon.com from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, December 19th. Finally, Raymond James cut their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Stock Performance

Shares of AMZN stock opened at $97.25 on Friday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a P/E/G ratio of 3.09 and a beta of 1.22. The stock’s fifty day simple moving average is $90.72 and its 200-day simple moving average is $110.26.

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

Further Reading

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

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