Professional Advisory Services Inc. Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Professional Advisory Services Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,702 shares of the e-commerce giant's stock after acquiring an additional 20,326 shares during the period. Amazon.com accounts for about 2.8% of Professional Advisory Services Inc.'s portfolio, making the stock its 22nd largest holding. Professional Advisory Services Inc.'s holdings in Amazon.com were worth $21,372,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new position in Amazon.com in the second quarter valued at $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. UBS Group raised their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Scotiabank upped their target price on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ AMZN traded down $0.91 during mid-day trading on Monday, reaching $201.70. 35,113,516 shares of the company were exchanged, compared to its average volume of 41,602,008. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The firm has a 50-day moving average of $191.16 and a 200 day moving average of $185.81. The stock has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.63, a P/E/G ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 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 for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Company 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.