Amazon.com, Inc. (NASDAQ:AMZN) is Crestwood Advisors Group LLC’s 3rd Largest Position

Crestwood Advisors Group LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 921,024 shares of the e-commerce giant’s stock after acquiring an additional 81,279 shares during the quarter. Amazon.com makes up about 3.3% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 3rd largest position. Crestwood Advisors Group LLC’s holdings in Amazon.com were worth $171,616,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. grew its stake in Amazon.com by 20,517.4% in the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares during the last quarter. National Pension Service grew its stake in Amazon.com by 15.9% in the third quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after purchasing an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its stake in Amazon.com by 6,590.8% in the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after purchasing an additional 2,318,713 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.7 %

Shares of Amazon.com stock opened at $227.46 on Friday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $231.20. The firm has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $201.65 and its 200 day moving average price is $189.67.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Mizuho increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $238.87.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

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.