Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,512 shares of the e-commerce giant's stock after purchasing an additional 3,142 shares during the period. Amazon.com makes up about 1.8% of Laffer Tengler Investments Inc.'s portfolio, making the stock its 15th largest holding. Laffer Tengler Investments Inc.'s holdings in Amazon.com were worth $8,667,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Foundations Investment Advisors LLC raised its stake in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Umpqua Bank boosted its holdings in shares of Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after acquiring an additional 137 shares in the last quarter. BayBridge Capital Group LLC increased its holdings in Amazon.com by 51.8% in the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock worth $2,677,000 after purchasing an additional 4,905 shares in the last quarter. Zhang Financial LLC raised its position in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock valued at $9,520,000 after purchasing an additional 5,828 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in shares of Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after purchasing an additional 982 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock traded up $1.63 on Friday, reaching $224.92. The stock had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. The stock has a market cap of $2.37 trillion, a P/E 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 quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a 50 day simple moving average of $205.83 and a 200 day simple moving average of $191.38.

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

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last quarter. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Cantor Fitzgerald reiterated an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. TD Cowen increased their price target on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. DA Davidson restated a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Loop Capital increased their price target on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $243.00.

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.