Montis Financial LLC Has $1.43 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Montis Financial LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 39.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,651 shares of the e-commerce giant’s stock after buying an additional 2,162 shares during the quarter. Montis Financial LLC’s holdings in Amazon.com were worth $1,426,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. HCR Wealth Advisors grew its position in Amazon.com by 3.2% during the third quarter. HCR Wealth Advisors now owns 51,334 shares of the e-commerce giant’s stock worth $9,565,000 after buying an additional 1,611 shares in the last quarter. Avondale Wealth Management lifted its stake in Amazon.com by 4.0% during the third quarter. Avondale Wealth Management now owns 7,840 shares of the e-commerce giant’s stock worth $1,461,000 after purchasing an additional 300 shares during the period. Burns Matteson Capital Management LLC lifted its stake in Amazon.com by 12.5% during the third quarter. Burns Matteson Capital Management LLC now owns 15,196 shares of the e-commerce giant’s stock worth $2,831,000 after purchasing an additional 1,693 shares during the period. Code Waechter LLC bought a new position in Amazon.com during the third quarter worth about $749,000. Finally, McNamara Financial Services Inc. lifted its stake in Amazon.com by 28.9% during the third quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant’s stock worth $515,000 after purchasing an additional 620 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Scotiabank raised their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.55.

Amazon.com Price Performance

Shares of AMZN opened at $208.18 on Friday. The firm has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a PEG ratio of 1.40 and a beta of 1.14. The company’s 50-day moving average is $187.83 and its 200-day moving average is $184.62. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. 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 accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock valued at $10,215,097 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

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.