Vest Financial LLC Buys 25,114 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vest Financial LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 187.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,542 shares of the e-commerce giant's stock after acquiring an additional 25,114 shares during the quarter. Vest Financial LLC's holdings in Amazon.com were worth $7,182,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Zhang Financial LLC boosted its holdings in shares of Amazon.com by 12.9% in the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock valued at $9,520,000 after buying an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $550,217,000 after acquiring an additional 14,766 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Amazon.com by 19.2% in the 3rd 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 period. Stonekeep Investments LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock valued at $203,677,000 after purchasing an additional 654,908 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. DA Davidson reissued a "buy" rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Needham & Company LLC increased their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Sanford C. Bernstein raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.77.

Insiders Place Their Bets

In related news, 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

NASDAQ:AMZN traded down $0.48 during midday trading on Friday, hitting $197.90. The company had a trading volume of 4,635,100 shares, compared to its average volume of 41,436,336. The stock's fifty day moving average price is $192.79 and its 200-day moving average price is $186.26. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. 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 company has a market capitalization of $2.08 trillion, a PE ratio of 42.55, a P/E/G ratio of 1.37 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the prior year, the business posted $0.85 EPS. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share 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.