3,630 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Stewardship Advisors LLC

Stewardship Advisors LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, HoldingsChannel reports. The fund bought 3,630 shares of the e-commerce giant’s stock, valued at approximately $676,000.

Several other hedge funds also recently made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. increased its stake in shares of Amazon.com by 31.6% in the first 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 period. Quent Capital LLC boosted its holdings in Amazon.com by 3.3% in the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares in the last quarter. Broderick Brian C boosted its holdings in Amazon.com by 18.2% in the first quarter. Broderick Brian C now owns 67,096 shares of the e-commerce giant’s stock valued at $12,103,000 after acquiring an additional 10,338 shares in the last quarter. Cohen Capital Management Inc. boosted its holdings in Amazon.com by 2.8% in the first quarter. Cohen Capital Management Inc. now owns 72,567 shares of the e-commerce giant’s stock valued at $13,090,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Delaney Dennis R boosted its holdings in Amazon.com by 2.6% in the first quarter. Delaney Dennis R now owns 33,836 shares of the e-commerce giant’s stock valued at $6,103,000 after acquiring an additional 868 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, 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 transaction, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $197.12 on Friday. Amazon.com, Inc. has a fifty-two week low of $142.81 and a fifty-two week high of $215.90. The business has a 50-day simple moving average of $193.00 and a two-hundred day simple moving average of $186.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Needham & Company LLC lifted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday. Bank of America lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.77.

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.