Crescent Grove Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Crescent Grove Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,151 shares of the e-commerce giant’s stock after buying an additional 1,140 shares during the period. Crescent Grove Advisors LLC’s holdings in Amazon.com were worth $3,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quent Capital LLC increased its stake in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Spear Holdings RSC Ltd purchased a new stake in shares of Amazon.com during the 1st quarter valued at approximately $98,487,000. Cambridge Trust Co. lifted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Cambridge Trust Co. now owns 377,354 shares of the e-commerce giant’s stock valued at $68,067,000 after buying an additional 7,013 shares in the last quarter. First Citizens Financial Corp purchased a new stake in shares of Amazon.com during the 1st quarter valued at approximately $268,000. Finally, Maxwell Wealth Strategies Inc. lifted its stake in shares of Amazon.com by 207.9% during the 1st quarter. Maxwell Wealth Strategies Inc. now owns 11,551 shares of the e-commerce giant’s stock valued at $2,071,000 after buying an additional 7,799 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $227.46 on Friday. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $231.20. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50 day moving average price of $201.65 and a 200-day moving average price of $189.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler increased their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $238.87.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

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.