Amazon.com, Inc. (NASDAQ:AMZN) is Verus Capital Partners LLC’s 3rd Largest Position

Verus Capital Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 270.5% in the third quarter, Holdings Channel reports. The institutional investor owned 304,119 shares of the e-commerce giant’s stock after acquiring an additional 222,034 shares during the quarter. Amazon.com accounts for 6.5% of Verus Capital Partners LLC’s holdings, making the stock its 3rd largest holding. Verus Capital Partners LLC’s holdings in Amazon.com were worth $34,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Verity Asset Management Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $836,000. Greenwood Gearhart Inc. increased its position in shares of Amazon.com by 6.2% during the third quarter. Greenwood Gearhart Inc. now owns 82,873 shares of the e-commerce giant’s stock worth $9,365,000 after purchasing an additional 4,804 shares in the last quarter. Tiemann Investment Advisors LLC increased its position in shares of Amazon.com by 4.9% during the third quarter. Tiemann Investment Advisors LLC now owns 17,720 shares of the e-commerce giant’s stock worth $2,002,000 after purchasing an additional 820 shares in the last quarter. Summit Financial LLC increased its position in shares of Amazon.com by 8.6% during the third quarter. Summit Financial LLC now owns 160,513 shares of the e-commerce giant’s stock worth $18,138,000 after purchasing an additional 12,697 shares in the last quarter. Finally, Nvwm LLC increased its position in shares of Amazon.com by 7.0% during the third quarter. Nvwm LLC now owns 67,514 shares of the e-commerce giant’s stock worth $7,629,000 after purchasing an additional 4,418 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 in the last three months. 12.70% of the stock is currently owned by company insiders.

Amazon.com Trading Up 2.7 %

AMZN opened at $94.88 on Wednesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a market cap of $972.26 billion, a P/E ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The business’s 50-day simple moving average is $96.20 and its 200-day simple moving average is $101.99.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Barclays boosted their price target on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. The Goldman Sachs Group dropped their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Robert W. Baird boosted their price target on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Wolfe Research boosted their price objective on Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Finally, Telsey Advisory Group lowered their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.