Dynamic Advisor Solutions LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Dynamic Advisor Solutions LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,562 shares of the e-commerce giant’s stock after purchasing an additional 4,956 shares during the quarter. Amazon.com makes up approximately 1.0% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 14th biggest position. Dynamic Advisor Solutions LLC’s holdings in Amazon.com were worth $34,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Phillips Wealth Planners LLC raised its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Stonekeep Investments LLC bought a new position in shares of Amazon.com during the second quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after acquiring an additional 654,908 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was 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 owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents 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 valued at $9,215,048 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 6.2 %

Shares of AMZN stock opened at $197.93 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a fifty day simple moving average of $184.82 and a two-hundred day simple moving average of $183.77. The firm has a market capitalization of $2.08 trillion, a PE ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $136.47 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMZN shares. Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday. Monness Crespi & Hardt increased their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities increased their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday. Scotiabank increased their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday. Finally, Telsey Advisory Group increased their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

Amazon.com Profile

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.