Invst LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Invst LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 35,084 shares of the e-commerce giant’s stock after buying an additional 517 shares during the quarter. Invst LLC’s holdings in Amazon.com were worth $3,988,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC increased its stake in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the period. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the period. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $100.04 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The stock’s 50 day moving average price is $96.75 and its 200 day moving average price is $101.94. The firm has a market capitalization of $1.03 trillion, a PE ratio of -373.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25.

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

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AMZN shares. Wolfe Research increased their price target on shares of Amazon.com from $115.00 to $130.00 in a research note on Friday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research report on Friday, February 3rd. New Street Research started coverage on Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Truist Financial dropped their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.72.

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 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.