Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Albion Financial Group UT

Albion Financial Group UT raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 240,698 shares of the e-commerce giant's stock after acquiring an additional 44,416 shares during the period. Amazon.com accounts for about 3.1% of Albion Financial Group UT's holdings, making the stock its 6th biggest position. Albion Financial Group UT's holdings in Amazon.com were worth $44,849,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. PayPay Securities Corp boosted its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter worth about $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.9 %

AMZN stock traded down $1.87 during mid-day trading on Friday, reaching $208.18. The company had a trading volume of 36,040,942 shares, compared to its average volume of 41,437,816. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.19 trillion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The firm has a 50 day moving average of $187.83 and a 200 day moving average of $184.62. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) 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. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Bank of America upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 price objective on shares of Amazon.com in a research report on Friday, November 1st. Benchmark increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Wolfe Research assumed coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an "outperform" rating and a $250.00 price objective for the company. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $234.55.

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.