Graybill Wealth Management LTD. Purchases 151 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Graybill Wealth Management LTD. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,709 shares of the e-commerce giant’s stock after buying an additional 151 shares during the period. Amazon.com makes up 2.1% of Graybill Wealth Management LTD.’s portfolio, making the stock its 22nd biggest holding. Graybill Wealth Management LTD.’s holdings in Amazon.com were worth $5,536,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMZN. Zhang Financial LLC lifted its holdings in Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after buying an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after acquiring an additional 14,766 shares during the period. GAMMA Investing LLC boosted its holdings in Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares during the last quarter. Stonekeep Investments LLC acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares of the company’s stock, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on 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 $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $197.12 on Friday. The company’s 50-day moving average price is $193.00 and its 200-day moving average price is $186.31. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90. The company has a market cap of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities raised their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com 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.