ASB Consultores LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

ASB Consultores LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,819 shares of the e-commerce giant’s stock after acquiring an additional 412 shares during the period. Amazon.com comprises 1.2% of ASB Consultores LLC’s holdings, making the stock its 15th largest position. ASB Consultores LLC’s holdings in Amazon.com were worth $2,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Stoneridge Investment Partners LLC lifted its holdings in shares of Amazon.com by 26.1% during the third quarter. Stoneridge Investment Partners LLC now owns 50,716 shares of the e-commerce giant’s stock valued at $9,450,000 after purchasing an additional 10,502 shares during the last quarter. James J. Burns & Company LLC increased its position in Amazon.com by 8.8% during the 3rd quarter. James J. Burns & Company LLC now owns 15,786 shares of the e-commerce giant’s stock valued at $2,943,000 after buying an additional 1,280 shares in the last quarter. Cary Street Partners Asset Management LLC boosted its holdings in Amazon.com by 18.1% in the third quarter. Cary Street Partners Asset Management LLC now owns 24,837 shares of the e-commerce giant’s stock worth $4,628,000 after acquiring an additional 3,805 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in shares of Amazon.com by 24.0% in the third quarter. Greenwood Capital Associates LLC now owns 90,934 shares of the e-commerce giant’s stock worth $16,944,000 after acquiring an additional 17,602 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its holdings in shares of Amazon.com by 18.3% during the third quarter. FSM Wealth Advisors LLC now owns 15,314 shares of the e-commerce giant’s stock valued at $2,853,000 after acquiring an additional 2,369 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $228.97 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $231.20. The business has a 50 day simple moving average of $199.89 and a two-hundred day simple moving average of $189.07. The stock has a market capitalization of $2.41 trillion, a PE ratio of 49.03, a P/E/G ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wedbush upped their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities boosted their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen increased their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.98.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.