Toroso Investments LLC Acquires 25,103 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Toroso Investments LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the third quarter, HoldingsChannel.com reports. The fund owned 273,630 shares of the e-commerce giant’s stock after buying an additional 25,103 shares during the period. Amazon.com makes up approximately 1.3% of Toroso Investments LLC’s holdings, making the stock its 8th largest holding. Toroso Investments LLC’s holdings in Amazon.com were worth $30,921,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Iron Horse Wealth Management LLC increased its stake in Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 227 shares during the period. Wells Financial Advisors INC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after buying an additional 266 shares during the period. Knott David M Jr acquired a new position in Amazon.com in the 2nd quarter valued at $32,000. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Finally, Baron Financial Group LLC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 342 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Tigress Financial restated a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research report on Thursday, February 9th. Wells Fargo & Company decreased their target price on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Wedbush decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Stock Up 4.0 %

AMZN opened at $100.04 on Friday. The firm has a 50 day moving average price of $96.75 and a 200 day moving average price of $101.94. The company has a market cap 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, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. 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 (NASDAQ:AMZN – Get Rating) last posted its 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 business had revenue of $149.20 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the sale, the chief executive officer now directly owns 564,298 shares of the company’s stock, valued at approximately $53,551,880.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by corporate insiders.

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.