Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Stage Harbor Financial LLC

Stage Harbor Financial LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,564 shares of the e-commerce giant’s stock after acquiring an additional 102 shares during the quarter. Amazon.com comprises approximately 0.6% of Stage Harbor Financial LLC’s portfolio, making the stock its 21st largest holding. Stage Harbor Financial LLC’s holdings in Amazon.com were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB acquired a new position in shares of Amazon.com in the 1st quarter valued at $2,239,757,000. Capital World Investors boosted its stake in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Capital Research Global Investors increased its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after buying an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC upped their price objective on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. 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. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on 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 approximately $21,989,299.44. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.2 %

AMZN opened at $211.48 on Friday. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a 50-day moving average of $189.87 and a two-hundred day moving average of $185.36.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.