Gamco Investors INC. ET AL Purchases 5,511 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gamco Investors INC. ET AL boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,776 shares of the e-commerce giant’s stock after purchasing an additional 5,511 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Amazon.com were worth $15,908,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Bridgefront Capital LLC bought a new position in shares of Amazon.com during the first quarter valued at $228,000. Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $191,000. Institutional investors own 57.64% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 over the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $90.73 on Friday. The stock’s fifty day moving average is $95.85 and its 200 day moving average is $102.99. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The firm has a market capitalization of $929.73 billion, a PE ratio of -338.53, a PEG ratio of 3.87 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.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial reduced their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Wedbush reduced their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a report on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Finally, Morgan Stanley lifted their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.