Good Life Advisors LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Good Life Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,579 shares of the e-commerce giant's stock after purchasing an additional 9,299 shares during the quarter. Amazon.com makes up about 1.0% of Good Life Advisors LLC's portfolio, making the stock its 21st biggest holding. Good Life Advisors LLC's holdings in Amazon.com were worth $15,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMZN. PayPay Securities Corp lifted its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com in the 1st quarter valued at $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com in the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company's stock, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. JMP Securities increased their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Itau BBA Securities downgraded Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target on the stock. in a research report on Friday, August 2nd. DA Davidson reaffirmed a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Loop Capital boosted their price target on Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ AMZN traded down $8.87 during midday trading on Friday, hitting $202.61. 86,591,144 shares of the stock traded hands, compared to its average volume of 42,217,644. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90. The business has a 50 day moving average price of $191.16 and a two-hundred day moving average price of $185.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS 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 quarter in the previous year, the business posted $0.85 EPS. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.