Allen Capital Group LLC Purchases 1,769 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Allen Capital Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,780 shares of the e-commerce giant’s stock after buying an additional 1,769 shares during the quarter. Allen Capital Group LLC’s holdings in Amazon.com were worth $5,921,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ERn Financial LLC raised its stake in Amazon.com by 2.2% during the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after purchasing an additional 413 shares in the last quarter. Everpar Advisors LLC raised its position in shares of Amazon.com by 25.2% during the 2nd quarter. Everpar Advisors LLC now owns 22,270 shares of the e-commerce giant’s stock valued at $4,304,000 after buying an additional 4,483 shares in the last quarter. FMA Wealth Management LLC lifted its holdings in shares of Amazon.com by 15.4% in the 2nd quarter. FMA Wealth Management LLC now owns 1,500 shares of the e-commerce giant’s stock valued at $290,000 after acquiring an additional 200 shares during the last quarter. E&G Advisors LP grew its position in Amazon.com by 1.3% in the second quarter. E&G Advisors LP now owns 26,223 shares of the e-commerce giant’s stock worth $5,068,000 after acquiring an additional 341 shares in the last quarter. Finally, 1858 Wealth Management LLC boosted its holdings in shares of Amazon.com by 21.4% in the 2nd quarter. 1858 Wealth Management LLC now owns 16,610 shares of the e-commerce giant’s stock worth $3,210,000 after purchasing an additional 2,929 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.4 %

AMZN stock opened at $220.22 on Friday. The stock has a market capitalization of $2.32 trillion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. 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 firm has a 50 day moving average of $211.67 and a 200 day moving average of $193.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic raised their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Roth Mkm increased their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Finally, Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 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-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $243.00.

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.