Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Rovin Capital UT ADV

Rovin Capital UT ADV lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,051 shares of the e-commerce giant’s stock after acquiring an additional 858 shares during the quarter. Rovin Capital UT ADV’s holdings in Amazon.com were worth $797,000 at the end of the most recent reporting period.

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

Amazon.com Trading Down 0.6 %

Shares of NASDAQ AMZN opened at $95.46 on Thursday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a market cap of $973.85 billion, a PE ratio of 87.62, a P/E/G ratio of 3.09 and a beta of 1.22. 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 company has a 50-day moving average of $90.67 and a two-hundred day moving average of $110.59.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its 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 return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. StockNews.com began coverage on shares of Amazon.com in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen cut their price target on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Barclays cut their price target on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Bank of America cut their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Cowen raised their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at $50,142,890. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,428 shares of company stock valued at $5,077,578. Insiders own 12.70% of the company’s stock.

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 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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