Gries Financial LLC Has $4.69 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gries Financial LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,151 shares of the e-commerce giant's stock after buying an additional 6,079 shares during the quarter. Amazon.com accounts for 0.9% of Gries Financial LLC's investment portfolio, making the stock its 20th largest holding. Gries Financial LLC's holdings in Amazon.com were worth $4,686,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. Bank of New York Mellon Corp grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock valued at $13,091,909,000 after purchasing an additional 289,532 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of Amazon.com by 7.4% in the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant's stock worth $7,642,732,000 after acquiring an additional 2,932,192 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded down $3.64 during trading hours on Wednesday, reaching $200.97. 17,730,260 shares of the company's stock were exchanged, compared to its average volume of 41,455,887. The stock has a market cap of $2.11 trillion, a PE ratio of 43.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The firm has a fifty day moving average of $192.19 and a 200-day moving average of $186.06. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a "buy" rating and a $260.00 target price on the stock. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt boosted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.77.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. 10.80% of the stock is currently owned by corporate insiders.

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.