Amazon.com, Inc. $AMZN Shares Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 216,751 shares of the e-commerce giant’s stock after buying an additional 18,415 shares during the quarter. Amazon.com accounts for about 1.8% of Gladstone Institutional Advisory LLC’s holdings, making the stock its 8th biggest holding. Gladstone Institutional Advisory LLC’s holdings in Amazon.com were worth $47,592,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $48,000. Cooksen Wealth LLC lifted its holdings in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. Finally, PayPay Securities Corp boosted its position in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after acquiring an additional 96 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.4%

NASDAQ AMZN opened at $239.12 on Tuesday. The business’s fifty day moving average is $232.27 and its 200-day moving average is $228.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.50 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.

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

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the transaction, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,734 shares of company stock worth $18,534,017 over the last quarter. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Rothschild Redb downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. BNP Paribas started coverage on shares of Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. CIBC boosted their price target on shares of Amazon.com to $315.00 in a research note on Monday, October 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Amazon.com in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.96.

View Our Latest Stock Analysis on AMZN

Amazon.com News Roundup

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

About Amazon.com

(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.

See Also

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

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