Rational Advisors LLC Acquires 9,669 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rational Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,243 shares of the e-commerce giant’s stock after buying an additional 9,669 shares during the quarter. Amazon.com accounts for about 1.1% of Rational Advisors LLC’s holdings, making the stock its 18th biggest position. Rational Advisors LLC’s holdings in Amazon.com were worth $11,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised its position in Amazon.com by 2.3% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 27,741 shares of the e-commerce giant’s stock valued at $5,163,000 after buying an additional 630 shares during the last quarter. PDS Planning Inc boosted its holdings in Amazon.com by 2.4% during the 3rd quarter. PDS Planning Inc now owns 45,448 shares of the e-commerce giant’s stock worth $8,468,000 after acquiring an additional 1,045 shares during the last quarter. Garrison Asset Management LLC grew its stake in shares of Amazon.com by 4.8% in the 3rd quarter. Garrison Asset Management LLC now owns 3,200 shares of the e-commerce giant’s stock worth $596,000 after acquiring an additional 146 shares in the last quarter. Palisades Hudson Asset Management L.P. raised its holdings in shares of Amazon.com by 9.2% in the third quarter. Palisades Hudson Asset Management L.P. now owns 12,768 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 1,074 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Amazon.com by 1.6% during the third quarter. QRG Capital Management Inc. now owns 1,381,724 shares of the e-commerce giant’s stock valued at $257,457,000 after purchasing an additional 21,224 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. Maxim Group upped their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital increased their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $237.98.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $228.97 on Friday. 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, Inc. has a 1 year low of $144.05 and a 1 year high of $231.20. The firm has a market cap of $2.41 trillion, a PE ratio of 49.03, a PEG ratio of 1.52 and a beta of 1.16. The company has a 50 day simple moving average of $199.89 and a two-hundred day simple moving average of $189.07.

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, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company 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 earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

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.