Global Retirement Partners LLC Buys 3,078 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Global Retirement Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,167 shares of the e-commerce giant's stock after purchasing an additional 3,078 shares during the quarter. Amazon.com comprises approximately 0.9% of Global Retirement Partners LLC's portfolio, making the stock its 16th biggest holding. Global Retirement Partners LLC's holdings in Amazon.com were worth $29,099,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc grew its position 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 buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com in the second quarter worth approximately $77,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now owns 64,610 shares in the company, valued at $11,686,656.80. This trade represents a 12.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 4.2 %

Shares of AMZN stock traded down $8.87 during mid-day trading on Friday, hitting $202.61. The company's stock had a trading volume of 86,591,144 shares, compared to its average volume of 42,217,644. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.36 and a beta of 1.14. The business has a 50-day moving average price of $191.16 and a 200 day moving average price of $185.76. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90. 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 announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. JMP Securities upped their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Wells Fargo & Company lowered Amazon.com from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Itau BBA Securities downgraded Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com 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.