AdvisorNet Financial Inc Acquires 18,253 Shares of Amazon.com, Inc. $AMZN

AdvisorNet Financial Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 46.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,773 shares of the e-commerce giant’s stock after buying an additional 18,253 shares during the quarter. AdvisorNet Financial Inc’s holdings in Amazon.com were worth $12,685,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter worth about $27,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth about $48,000. Cooksen Wealth LLC lifted its holdings in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the first quarter valued at approximately $59,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.0%

Shares of NASDAQ AMZN opened at $232.25 on Thursday. The stock has a market capitalization of $2.48 trillion, a P/E ratio of 32.80, a PEG ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The firm’s 50 day simple moving average is $230.34 and its two-hundred day simple moving average is $225.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is currently owned by insiders.

Key Stores Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Thursday, December 4th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. Guggenheim upgraded Amazon.com to a “strong-buy” rating in a research report on Wednesday, December 10th. TD Cowen restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.50.

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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