Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by InTrack Investment Management Inc

InTrack Investment Management Inc boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,439 shares of the e-commerce giant’s stock after purchasing an additional 156 shares during the quarter. Amazon.com comprises about 1.9% of InTrack Investment Management Inc’s portfolio, making the stock its 10th biggest position. InTrack Investment Management Inc’s holdings in Amazon.com were worth $2,690,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OMNI 360 Wealth Inc. increased its holdings in shares of Amazon.com by 8.3% in the 1st quarter. OMNI 360 Wealth Inc. now owns 3,255 shares of the e-commerce giant’s stock valued at $587,000 after acquiring an additional 249 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Amazon.com by 2.0% in the 1st quarter. Valley National Advisers Inc. now owns 47,296 shares of the e-commerce giant’s stock valued at $8,531,000 after acquiring an additional 918 shares during the period. Lake Street Private Wealth LLC increased its holdings in shares of Amazon.com by 5.0% in the 1st quarter. Lake Street Private Wealth LLC now owns 83,009 shares of the e-commerce giant’s stock valued at $14,973,000 after acquiring an additional 3,987 shares during the period. United Capital Management of KS Inc. increased its holdings in shares of Amazon.com by 3.9% in the 1st quarter. United Capital Management of KS Inc. now owns 85,129 shares of the e-commerce giant’s stock valued at $15,356,000 after acquiring an additional 3,231 shares during the period. Finally, Red Tortoise LLC increased its holdings in shares of Amazon.com by 2.2% in the 1st quarter. Red Tortoise LLC now owns 4,249 shares of the e-commerce giant’s stock valued at $766,000 after acquiring an additional 92 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 owns 2,056,534 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 55,859 shares of company stock worth $10,215,097. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.9 %

AMZN opened at $208.18 on Friday. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $212.25. The business has a fifty day simple moving average of $187.83 and a 200-day simple moving average of $184.62. The firm has a market cap of $2.19 trillion, a P/E ratio of 44.58, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 5.24 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Truist Financial raised their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Bank of America raised their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $234.55.

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.