Invst LLC Has $3.99 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Invst LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,084 shares of the e-commerce giant’s stock after buying an additional 517 shares during the period. Invst LLC’s holdings in Amazon.com were worth $3,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dohj LLC lifted its stake in Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after purchasing an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC bought a new stake in Amazon.com during the third quarter worth about $2,120,000. Asset Management One Co. Ltd. boosted its stake in 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 acquiring an additional 32,781 shares in the last quarter. West Coast Financial LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $210,000. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Amazon.com by 1.0% in 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 buying an additional 15,640 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AMZN shares. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Barclays upped their target price on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Wolfe Research upped their target price on shares of Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Trading Up 4.0 %

NASDAQ AMZN opened at $100.04 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of -373.27, a price-to-earnings-growth ratio of 3.81 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. The company’s 50-day simple moving average is $96.75 and its two-hundred day simple moving average is $101.94.

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 analysts’ consensus estimates 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 firm had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the prior year, the business posted $1.39 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,394 shares of company stock worth $6,994,626. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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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.