Bender Robert & Associates Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bender Robert & Associates boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the third quarter, Holdings Channel.com reports. The fund owned 157,386 shares of the e-commerce giant’s stock after acquiring an additional 3,717 shares during the period. Amazon.com accounts for 6.9% of Bender Robert & Associates’ holdings, making the stock its 2nd largest holding. Bender Robert & Associates’ holdings in Amazon.com were worth $17,785,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new stake in Amazon.com in the 1st quarter worth $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $191,000. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $97.25 on Monday. The firm has a 50 day moving average of $90.72 and a 200 day moving average of $110.23. 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 firm has a market capitalization of $992.11 billion, a price-to-earnings ratio of 89.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its 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 for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, 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 the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following 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 is available through the SEC website. Also, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,428 shares of company stock worth $5,077,578. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMZN shares. Evercore ISI dropped their target price on shares of Amazon.com from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, December 19th. Cowen raised their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Raymond James dropped their target price 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. Cowen dropped their target price on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Finally, Wolfe Research lowered their price target 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. Two research 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’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus 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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