Next Level Private LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Next Level Private LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,535 shares of the e-commerce giant’s stock after purchasing an additional 100 shares during the period. Next Level Private LLC’s holdings in Amazon.com were worth $2,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asio Capital LLC raised its position in shares of Amazon.com by 37.4% during the third quarter. Asio Capital LLC now owns 57,781 shares of the e-commerce giant’s stock valued at $10,766,000 after buying an additional 15,740 shares during the last quarter. Meyer Handelman Co. grew its stake in Amazon.com by 2.3% during the third quarter. Meyer Handelman Co. now owns 329,340 shares of the e-commerce giant’s stock valued at $61,366,000 after acquiring an additional 7,345 shares in the last quarter. Bennett Selby Investments LP increased its holdings in Amazon.com by 2.2% in the 3rd quarter. Bennett Selby Investments LP now owns 36,376 shares of the e-commerce giant’s stock valued at $6,778,000 after acquiring an additional 777 shares during the last quarter. Level Financial Advisors bought a new position in shares of Amazon.com during the 3rd quarter valued at about $544,000. Finally, Lloyd Advisory Services LLC. grew its position in shares of Amazon.com by 24.7% during the third quarter. Lloyd Advisory Services LLC. now owns 1,860 shares of the e-commerce giant’s stock valued at $347,000 after purchasing an additional 368 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $208.18 on Friday. The company’s 50 day moving average is $187.83 and its 200 day moving average is $184.62. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Pivotal Research began coverage on Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Maxim Group increased their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Roth Mkm upped their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is owned by corporate insiders.

About Amazon.com

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.