Amazon.com, Inc. (NASDAQ:AMZN) is Intellectus Partners LLC’s 2nd Largest Position

Intellectus Partners LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 91,173 shares of the e-commerce giant’s stock after selling 8,441 shares during the period. Amazon.com makes up about 4.3% of Intellectus Partners LLC’s investment portfolio, making the stock its 2nd largest position. Intellectus Partners LLC’s holdings in Amazon.com were worth $16,988,000 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 AMZN. Diversified Portfolios Inc. raised its position in Amazon.com by 0.7% in the third quarter. Diversified Portfolios Inc. now owns 13,681 shares of the e-commerce giant’s stock valued at $2,549,000 after purchasing an additional 90 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 372,440 shares of the e-commerce giant’s stock valued at $69,397,000 after buying an additional 5,270 shares during the period. ING Groep NV lifted its position in Amazon.com by 14.7% during the 3rd quarter. ING Groep NV now owns 3,500,507 shares of the e-commerce giant’s stock worth $652,249,000 after acquiring an additional 449,110 shares in the last quarter. Sargent Investment Group LLC lifted its position in Amazon.com by 8.8% during the 3rd quarter. Sargent Investment Group LLC now owns 52,539 shares of the e-commerce giant’s stock worth $9,790,000 after acquiring an additional 4,235 shares in the last quarter. Finally, Omnia Family Wealth LLC boosted its holdings in Amazon.com by 6.7% in the 3rd quarter. Omnia Family Wealth LLC now owns 14,154 shares of the e-commerce giant’s stock worth $2,637,000 after acquiring an additional 887 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $243.00.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $229.05 on Thursday. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 49.05, a PEG 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 twelve month low of $144.05 and a twelve month high of $233.00. The stock has a fifty day simple moving average of $207.40 and a 200 day simple moving average of $192.05.

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, beating the consensus estimate of $1.14 by $0.29. The company 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 firm posted $0.85 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.