Amazon.com, Inc. $AMZN Stake Boosted by Nilsine Partners LLC

Nilsine Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,571 shares of the e-commerce giant’s stock after buying an additional 5,723 shares during the period. Amazon.com accounts for approximately 1.9% of Nilsine Partners LLC’s portfolio, making the stock its 9th largest position. Nilsine Partners LLC’s holdings in Amazon.com were worth $21,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HCR Wealth Advisors grew its stake in Amazon.com by 0.5% in the third quarter. HCR Wealth Advisors now owns 52,584 shares of the e-commerce giant’s stock worth $11,695,000 after purchasing an additional 246 shares during the period. Jackson Wealth Management LLC boosted its holdings in shares of Amazon.com by 2.3% during the 3rd quarter. Jackson Wealth Management LLC now owns 28,922 shares of the e-commerce giant’s stock valued at $6,350,000 after buying an additional 657 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its position in shares of Amazon.com by 21.1% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 10,572 shares of the e-commerce giant’s stock worth $2,332,000 after buying an additional 1,843 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of Amazon.com by 79.9% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 103,917 shares of the e-commerce giant’s stock worth $22,817,000 after acquiring an additional 46,147 shares in the last quarter. Finally, First Citizens Financial Corp lifted its position in Amazon.com by 12.9% during the 3rd quarter. First Citizens Financial Corp now owns 4,640 shares of the e-commerce giant’s stock valued at $1,019,000 after acquiring an additional 529 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Evercore ISI raised their price objective on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Barclays reissued an “overweight” rating and issued a $300.00 target price (up from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $295.50.

Amazon.com Price Performance

NASDAQ AMZN opened at $221.27 on Thursday. 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, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 31.25, a PEG ratio of 1.53 and a beta of 1.37. The business’s fifty day moving average price is $229.32 and its 200-day moving average price is $225.23.

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

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This represents a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.