Blue Barn Wealth LLC Purchases 1,134 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Blue Barn Wealth LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,337 shares of the e-commerce giant’s stock after acquiring an additional 1,134 shares during the quarter. Blue Barn Wealth LLC’s holdings in Amazon.com were worth $942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Savior LLC raised its holdings in shares of Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC raised its holdings in shares of Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 223 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 227 shares during the last quarter. Wells Financial Advisors INC raised its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares during the last quarter. Finally, Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 1,900.0% in 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.

Amazon.com Trading Up 3.8 %

Shares of AMZN opened at $97.25 on Friday. The business has a 50-day moving average of $90.72 and a 200 day moving average of $110.26. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm has a market cap of $992.11 billion, a P/E ratio of 89.26, a price-to-earnings-growth ratio of 3.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.

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 the consensus estimate of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction 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 $53,844,078.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 15,787 shares of the business’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 sale, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 345 shares of the business’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 sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,428 shares of company stock valued at $5,077,578. 12.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Sanford C. Bernstein lowered their target price on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Robert W. Baird reduced their price objective on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Wedbush reduced their price objective on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Truist Financial reduced their price objective on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Two investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.

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

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