Shufro Rose & Co. LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Shufro Rose & Co. LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,420 shares of the e-commerce giant’s stock after purchasing an additional 2,340 shares during the period. Amazon.com accounts for about 0.9% of Shufro Rose & Co. LLC’s holdings, making the stock its 29th biggest holding. Shufro Rose & Co. LLC’s holdings in Amazon.com were worth $9,087,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMZN. Keeler Thomas Management LLC raised its position in Amazon.com by 29.8% in the third quarter. Keeler Thomas Management LLC now owns 53,364 shares of the e-commerce giant’s stock valued at $6,030,000 after purchasing an additional 12,259 shares during the period. Lockerman Financial Group Inc. increased its position in shares of Amazon.com by 2.9% during the 3rd quarter. Lockerman Financial Group Inc. now owns 3,228 shares of the e-commerce giant’s stock worth $365,000 after purchasing an additional 92 shares during the last quarter. W Advisors LLC raised its holdings in Amazon.com by 3.2% in the 3rd quarter. W Advisors LLC now owns 6,215 shares of the e-commerce giant’s stock valued at $702,000 after buying an additional 195 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in Amazon.com by 3.4% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 13,186 shares of the e-commerce giant’s stock valued at $1,490,000 after buying an additional 430 shares during the period. Finally, Xponance Inc. boosted its stake in Amazon.com by 7.7% during the third quarter. Xponance Inc. now owns 1,777,664 shares of the e-commerce giant’s stock worth $200,876,000 after buying an additional 127,624 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $98.12 on Monday. The stock has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 90.06, a PEG ratio of 3.12 and a beta of 1.22. The business’s 50 day moving average is $90.39 and its two-hundred day moving average is $110.74. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. MKM Partners reduced their price target on shares of Amazon.com to $145.00 in a research note on Tuesday, November 1st. Needham & Company LLC lowered their price target on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 28th. JPMorgan Chase & Co. cut their price objective on Amazon.com from $145.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, December 16th. New Street Research assumed coverage on Amazon.com in a report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Finally, Sanford C. Bernstein cut their price target on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Two 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.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $146.29.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 345 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 completion of the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,428 shares of company stock worth $5,077,578. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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

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