Seneca House Advisors Acquires 282 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Seneca House Advisors raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,181 shares of the e-commerce giant’s stock after purchasing an additional 282 shares during the period. Seneca House Advisors’ holdings in Amazon.com were worth $593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Garrison Point Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. lifted its stake in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC lifted its stake in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 6.2 %

Shares of Amazon.com stock opened at $197.93 on Friday. Amazon.com, Inc. has a 1 year low of $136.47 and a 1 year high of $201.20. The firm has a market cap of $2.08 trillion, a PE ratio of 47.35, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50 day simple moving average of $184.82 and a two-hundred day simple moving average of $183.75.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock worth $9,215,048 over the last three months. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $225.00 to $183.00 in a report on Monday, October 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up previously from $230.00) on shares of Amazon.com in a report on Friday. UBS Group increased their target price on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.11.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.