ERn Financial LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

ERn Financial LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,279 shares of the e-commerce giant’s stock after acquiring an additional 391 shares during the quarter. ERn Financial LLC’s holdings in Amazon.com were worth $3,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMZN. Lynch & Associates IN grew its stake in Amazon.com by 1.1% in the third quarter. Lynch & Associates IN now owns 20,368 shares of the e-commerce giant’s stock worth $3,795,000 after purchasing an additional 219 shares during the period. Brady Family Wealth LLC grew its stake in Amazon.com by 3.5% in the third quarter. Brady Family Wealth LLC now owns 33,991 shares of the e-commerce giant’s stock worth $6,334,000 after purchasing an additional 1,161 shares during the period. Capital Advisors Wealth Management LLC grew its stake in Amazon.com by 1.0% in the third quarter. Capital Advisors Wealth Management LLC now owns 45,869 shares of the e-commerce giant’s stock worth $8,547,000 after purchasing an additional 446 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in Amazon.com by 17.9% in the third quarter. Foster Victor Wealth Advisors LLC now owns 167,822 shares of the e-commerce giant’s stock worth $31,076,000 after purchasing an additional 25,446 shares during the period. Finally, Crane Advisory LLC grew its stake in Amazon.com by 12.9% in the third quarter. Crane Advisory LLC now owns 4,042 shares of the e-commerce giant’s stock worth $739,000 after purchasing an additional 463 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $214.10 on Thursday. 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 business has a 50-day simple moving average of $189.05 and a two-hundred day simple moving average of $185.15. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.09.

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at $11,686,656.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Roth Mkm upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

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.