FLC Capital Advisors Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

FLC Capital Advisors increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 29,521 shares of the e-commerce giant’s stock after purchasing an additional 345 shares during the period. Amazon.com accounts for 1.3% of FLC Capital Advisors’ investment portfolio, making the stock its 20th largest holding. FLC Capital Advisors’ holdings in Amazon.com were worth $5,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Horizon Wealth Management LLC grew its holdings in shares of Amazon.com by 1.2% during the third quarter. Horizon Wealth Management LLC now owns 15,862 shares of the e-commerce giant’s stock worth $2,956,000 after buying an additional 190 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in Amazon.com by 2.2% during the third quarter. Cornerstone Wealth Management LLC now owns 81,996 shares of the e-commerce giant’s stock worth $15,278,000 after acquiring an additional 1,760 shares during the last quarter. Culbertson A N & Co. Inc. grew its stake in Amazon.com by 4.1% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 27,162 shares of the e-commerce giant’s stock valued at $5,061,000 after acquiring an additional 1,060 shares in the last quarter. Bfsg LLC raised its holdings in Amazon.com by 4.2% in the 3rd quarter. Bfsg LLC now owns 43,790 shares of the e-commerce giant’s stock valued at $8,159,000 after acquiring an additional 1,781 shares during the last quarter. Finally, SPC Financial Inc. lifted its stake in Amazon.com by 11.4% in the 3rd quarter. SPC Financial Inc. now owns 22,535 shares of the e-commerce giant’s stock worth $4,199,000 after purchasing an additional 2,308 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 4.2 %

AMZN opened at $202.61 on Friday. 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 business’s 50 day moving average is $190.54 and its two-hundred day moving average is $185.54. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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. The firm had revenue of $158.88 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird raised their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.45.

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.