Ashton Thomas Securities LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ashton Thomas Securities LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 33,970 shares of the e-commerce giant's stock after acquiring an additional 7,257 shares during the quarter. Amazon.com comprises about 1.2% of Ashton Thomas Securities LLC's portfolio, making the stock its 17th biggest holding. Ashton Thomas Securities LLC's holdings in Amazon.com were worth $6,330,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AMZN. Intrinsic Value Partners LLC increased its holdings in Amazon.com by 8.2% in the 3rd quarter. Intrinsic Value Partners LLC now owns 2,641 shares of the e-commerce giant's stock worth $492,000 after purchasing an additional 200 shares in the last quarter. YCG LLC grew its stake in shares of Amazon.com by 0.7% in the third quarter. YCG LLC now owns 353,142 shares of the e-commerce giant's stock worth $65,801,000 after purchasing an additional 2,440 shares during the last quarter. Stockman Wealth Management Inc. increased its holdings in Amazon.com by 2.8% in the third quarter. Stockman Wealth Management Inc. now owns 89,394 shares of the e-commerce giant's stock valued at $16,657,000 after purchasing an additional 2,454 shares during the period. River Global Investors LLP grew its holdings in Amazon.com by 3.0% during the 3rd quarter. River Global Investors LLP now owns 86,395 shares of the e-commerce giant's stock worth $16,097,000 after acquiring an additional 2,491 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Amazon.com by 1.6% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 35,566 shares of the e-commerce giant's stock valued at $6,627,000 after acquiring an additional 568 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research report on Tuesday, December 10th. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Wells Fargo & Company reissued an "equal weight" rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Two 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 company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $243.00.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

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

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal 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.