Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Financial Insights Inc.

Financial Insights Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 84.5% during the 3rd quarter, Holdings Channel reports. The fund owned 18,048 shares of the e-commerce giant’s stock after acquiring an additional 8,267 shares during the quarter. Amazon.com comprises 1.4% of Financial Insights Inc.’s portfolio, making the stock its 17th largest holding. Financial Insights Inc.’s holdings in Amazon.com were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. SPC Financial Inc. boosted its stake in Amazon.com by 5.9% during the 3rd quarter. SPC Financial Inc. now owns 17,833 shares of the e-commerce giant’s stock valued at $2,015,000 after purchasing an additional 987 shares in the last quarter. Pariax LLC boosted its stake in Amazon.com by 1.0% during the 3rd quarter. Pariax LLC now owns 36,878 shares of the e-commerce giant’s stock valued at $4,167,000 after purchasing an additional 377 shares in the last quarter. Lesa Sroufe & Co bought a new position in Amazon.com during the 3rd quarter valued at $325,000. Blue Barn Wealth LLC boosted its stake in Amazon.com by 15.7% during the 3rd quarter. Blue Barn Wealth LLC now owns 8,337 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Fishman Jay A Ltd. MI boosted its stake in Amazon.com by 2.8% during the 3rd quarter. Fishman Jay A Ltd. MI now owns 421,605 shares of the e-commerce giant’s stock valued at $47,641,000 after purchasing an additional 11,425 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 3.8 %

Shares of NASDAQ:AMZN opened at $97.25 on Monday. The company has a market cap of $992.11 billion, a P/E ratio of 89.26, a P/E/G ratio of 3.06 and a beta of 1.22. The stock’s 50-day moving average is $90.72 and its 200-day moving average is $110.23. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. 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 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). The business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Royal Bank of Canada decreased their price target on Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Wedbush reduced their price objective on Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Citigroup reduced their price objective on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Sanford C. Bernstein reduced their price objective on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Rosenblatt Securities reduced their price objective on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was 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 $11,259,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP David Zapolsky sold 8,380 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $787,720.00. Following the sale, the senior vice president now directly owns 76,980 shares of the company’s stock, valued at $7,236,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $329,000.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock valued at $5,077,578 over the last three months. 12.70% of the stock is owned by corporate insiders.

Amazon.com 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.

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

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