Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,546 shares of the e-commerce giant’s stock after purchasing an additional 5,333 shares during the period. Amazon.com makes up approximately 2.7% of Catalina Capital Group LLC’s portfolio, making the stock its 5th biggest holding. Catalina Capital Group LLC’s holdings in Amazon.com were worth $7,928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Beacon Financial Advisory LLC grew its stake in shares of Amazon.com by 1.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 18,570 shares of the e-commerce giant’s stock worth $3,460,000 after purchasing an additional 200 shares during the period. Marks Group Wealth Management Inc boosted its holdings in Amazon.com by 22.5% during the third quarter. Marks Group Wealth Management Inc now owns 43,167 shares of the e-commerce giant’s stock worth $8,043,000 after buying an additional 7,917 shares in the last quarter. Long Run Wealth Advisors LLC grew its position in Amazon.com by 1,000.8% during the third quarter. Long Run Wealth Advisors LLC now owns 20,045 shares of the e-commerce giant’s stock valued at $3,735,000 after buying an additional 18,224 shares during the period. Balentine LLC increased its holdings in Amazon.com by 260.3% in the third quarter. Balentine LLC now owns 28,971 shares of the e-commerce giant’s stock valued at $5,398,000 after buying an additional 20,931 shares in the last quarter. Finally, Bailard Inc. raised its position in shares of Amazon.com by 2.1% in the third quarter. Bailard Inc. now owns 266,159 shares of the e-commerce giant’s stock worth $49,593,000 after acquiring an additional 5,470 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was 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 owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMZN shares. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Maxim Group lifted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen boosted their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $238.87.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $227.46 on Friday. The firm has a market cap of $2.39 trillion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. 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 $144.05 and a 52 week high of $231.20. The business’s fifty day simple moving average is $201.65 and its 200-day simple moving average is $189.72.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.