Sterling Investment Advisors Ltd. Purchases 890 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sterling Investment Advisors Ltd. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 73,754 shares of the e-commerce giant’s stock after acquiring an additional 890 shares during the period. Amazon.com accounts for about 3.5% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 2nd largest position. Sterling Investment Advisors Ltd.’s holdings in Amazon.com were worth $13,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Trading Up 1.0 %

NASDAQ AMZN opened at $207.89 on Monday. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The firm’s fifty day moving average price is $194.78 and its 200 day moving average price is $186.94.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

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.