Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,454 shares of the e-commerce giant’s stock after purchasing an additional 246 shares during the quarter. Amazon.com accounts for about 1.2% of Soltis Investment Advisors LLC’s holdings, making the stock its 17th biggest holding. Soltis Investment Advisors LLC’s holdings in Amazon.com were worth $8,062,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. JTC Employer Solutions Trustee Ltd lifted its holdings in Amazon.com by 30.7% in the third quarter. JTC Employer Solutions Trustee Ltd now owns 16,609 shares of the e-commerce giant’s stock worth $54,568,000 after purchasing an additional 3,898 shares during the period. Progressive Investment Management Corp lifted its holdings in Amazon.com by 2.6% in the third quarter. Progressive Investment Management Corp now owns 6,542 shares of the e-commerce giant’s stock worth $21,491,000 after purchasing an additional 165 shares during the period. Indie Asset Partners LLC lifted its holdings in Amazon.com by 1.8% in the third quarter. Indie Asset Partners LLC now owns 1,076 shares of the e-commerce giant’s stock worth $3,535,000 after purchasing an additional 19 shares during the period. M&G Investment Management Ltd. lifted its holdings in Amazon.com by 16.5% in the third quarter. M&G Investment Management Ltd. now owns 77,080 shares of the e-commerce giant’s stock worth $253,208,000 after purchasing an additional 10,914 shares during the period. Finally, Community Financial Services Group LLC lifted its holdings in Amazon.com by 13.5% in the third quarter. Community Financial Services Group LLC now owns 388 shares of the e-commerce giant’s stock worth $1,275,000 after purchasing an additional 46 shares during the period. 56.96% of the stock is owned by institutional investors.

Shares of Amazon.com stock opened at $3,242.76 on Friday. The stock has a market capitalization of $1.64 trillion, a P/E ratio of 63.43, a PEG ratio of 2.62 and a beta of 1.10. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average price of $3,438.21 and a two-hundred day moving average price of $3,427.83. Amazon.com, Inc. has a 12-month low of $2,881.00 and a 12-month high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). The company had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $12.37 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 40.79 earnings per share for the current year.

AMZN has been the topic of several research reports. Barclays dropped their price target on shares of Amazon.com from $4,130.00 to $3,800.00 and set an “overweight” rating on the stock in a research report on Friday, October 29th. Guggenheim initiated coverage on shares of Amazon.com in a research report on Tuesday, November 23rd. They issued a “buy” rating and a $4,300.00 price target on the stock. Wedbush dropped their price target on shares of Amazon.com from $4,300.00 to $3,950.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Jefferies Financial Group dropped their price target on shares of Amazon.com from $4,200.00 to $4,000.00 and set a “buy” rating on the stock in a research report on Friday, October 29th. Finally, Truist boosted their price objective on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a “buy” rating in a report on Friday, October 29th. Forty research analysts have rated the stock with a buy rating, According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $4,201.88.

In related news, CEO Adam Selipsky sold 34 shares of the company’s stock in a transaction on Wednesday, January 5th. The stock was sold at an average price of $3,337.66, for a total value of $113,480.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 50,034 shares of the company’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total value of $166,085,361.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,314 shares of company stock valued at $292,824,570. Corporate insiders own 14.00% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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