Coalescence Partners Investment Management LP Buys 23,065 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Coalescence Partners Investment Management LP grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 102,264 shares of the e-commerce giant's stock after acquiring an additional 23,065 shares during the quarter. Amazon.com comprises approximately 8.5% of Coalescence Partners Investment Management LP's holdings, making the stock its 3rd largest position. Coalescence Partners Investment Management LP's holdings in Amazon.com were worth $19,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lynx Investment Advisory boosted its position in shares of Amazon.com by 10.5% during the 3rd quarter. Lynx Investment Advisory now owns 14,925 shares of the e-commerce giant's stock valued at $2,781,000 after purchasing an additional 1,424 shares in the last quarter. Opinicus Capital Inc. grew its position in Amazon.com by 6.2% during the 3rd quarter. Opinicus Capital Inc. now owns 19,080 shares of the e-commerce giant's stock worth $3,555,000 after purchasing an additional 1,107 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Amazon.com by 4.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 86,973 shares of the e-commerce giant's stock valued at $16,206,000 after acquiring an additional 3,877 shares in the last quarter. Laffer Tengler Investments Inc. increased its stake in Amazon.com by 7.2% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 46,512 shares of the e-commerce giant's stock valued at $8,667,000 after buying an additional 3,142 shares during the period. Finally, tru Independence LLC increased its stake in shares of Amazon.com by 5.9% in the third quarter. tru Independence LLC now owns 3,643 shares of the e-commerce giant's stock worth $679,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Up 0.7 %

AMZN traded up $1.63 during mid-day trading on Friday, hitting $224.92. The stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The firm has a market capitalization 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 current ratio of 1.09 and a quick ratio of 0.87. The stock's fifty day simple moving average is $205.83 and its 200-day simple moving average is $191.38.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AMZN. Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group raised 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. Cantor Fitzgerald restated an "overweight" rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Piper Sandler upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Wedbush lifted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average 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.