Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by GDS Wealth Management

GDS Wealth Management raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,678 shares of the e-commerce giant's stock after buying an additional 3,183 shares during the quarter. Amazon.com makes up approximately 2.2% of GDS Wealth Management's investment portfolio, making the stock its 9th largest position. GDS Wealth Management's holdings in Amazon.com were worth $22,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AMZN. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Amazon.com by 13,606.7% in the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock valued at $759,971,000 after acquiring an additional 3,903,889 shares in the last quarter. Wulff Hansen & CO. raised its position in Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant's stock valued at $750,646,000 after purchasing an additional 3,865,485 shares in the last quarter. National Pension Service increased its stake in shares of Amazon.com by 15.9% during the third quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant's stock worth $3,152,802,000 after buying an additional 2,321,786 shares during the period. Finally, Granite Bay Wealth Management LLC increased its position in shares of Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant's stock valued at $432,394,000 after purchasing an additional 2,318,713 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMZN shares. Moffett Nathanson raised their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Telsey Advisory Group raised their target price on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $243.00.

Amazon.com Trading Up 0.7 %

Shares of NASDAQ:AMZN traded up $1.63 during trading on Friday, reaching $224.92. 87,060,734 shares of the stock were exchanged, compared to its average volume of 41,415,395. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The firm's 50-day moving average price is $205.83 and its 200 day moving average price is $191.38. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were 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 directly owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company'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 value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. 10.80% of the stock is owned by corporate insiders.

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.