Madrona Financial Services LLC Buys 2,644 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Madrona Financial Services LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 35.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,153 shares of the e-commerce giant's stock after purchasing an additional 2,644 shares during the period. Madrona Financial Services LLC's holdings in Amazon.com were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Capital Research Global Investors increased its stake in 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 acquiring an additional 6,810,145 shares during the last quarter. Legal & General Group Plc increased 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 valued at $13,466,933,000 after purchasing an additional 1,042,177 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Amazon.com by 0.4% in 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 buying an additional 289,532 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after purchasing an additional 295,132 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Amazon.com Price Performance

AMZN traded down $0.91 during trading on Monday, reaching $201.70. The stock had a trading volume of 35,113,516 shares, compared to its average volume of 41,602,008. 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 business has a 50-day moving average of $191.16 and a 200-day moving average of $185.81. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The stock has a market cap of $2.12 trillion, a PE ratio of 43.63, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company'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 transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company's stock.

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.