Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 146.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,918 shares of the e-commerce giant’s stock after purchasing an additional 14,215 shares during the period. Edgestream Partners L.P.’s holdings in Amazon.com were worth $2,703,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dohj LLC boosted its stake in Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC acquired a new stake in shares of Amazon.com during the third quarter worth $2,120,000. Asset Management One Co. Ltd. raised its holdings in shares of Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after purchasing an additional 32,781 shares during the period. West Coast Financial LLC acquired a new stake in shares of Amazon.com during the third quarter worth $210,000. Finally, Gulf International Bank UK Ltd grew its position in shares of Amazon.com by 1.0% during the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after acquiring an additional 15,640 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMZN shares. MKM Partners lowered their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Piper Sandler upped their price target on shares of Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Cowen upped their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, Wolfe Research upped their price objective on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.9 %

Amazon.com stock opened at $92.43 on Tuesday. The firm has a market cap of $947.15 billion, a price-to-earnings ratio of -344.88, a P/E/G ratio of 3.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. 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 fifty day moving average price of $96.01 and a two-hundred day moving average price of $102.24.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm 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 was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

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.