Ellenbecker Investment Group Purchases 325 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ellenbecker Investment Group increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,180 shares of the e-commerce giant’s stock after acquiring an additional 325 shares during the quarter. Ellenbecker Investment Group’s holdings in Amazon.com were worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its stake in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares during the last quarter. Crown Wealth Group LLC grew its stake in shares of Amazon.com by 18.5% during the first quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock worth $3,694,000 after acquiring an additional 3,193 shares during the last quarter. Better Money Decisions LLC increased its holdings in shares of Amazon.com by 3.3% during the first quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock valued at $1,524,000 after acquiring an additional 266 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Amazon.com by 1.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 438,822 shares of the e-commerce giant’s stock valued at $79,155,000 after purchasing an additional 7,466 shares during the last quarter. Finally, CNB Bank boosted its stake in Amazon.com by 3.7% in the 1st quarter. CNB Bank now owns 36,264 shares of the e-commerce giant’s stock worth $6,541,000 after purchasing an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $202.61 on Monday. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. The firm has a 50-day simple moving average of $191.16 and a 200-day simple moving average of $185.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush lifted their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Finally, Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com 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.