Pure Portfolios Holdings LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Pure Portfolios Holdings LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,276 shares of the e-commerce giant's stock, valued at approximately $2,846,000. Amazon.com accounts for approximately 1.1% of Pure Portfolios Holdings LLC's holdings, making the stock its 23rd biggest holding.

Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during 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 in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% during 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 in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the 1st quarter valued at approximately $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com in the 2nd quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was 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 of the company's stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the company'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 directly owns 94,630 shares of the company's stock, valued at $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $202.88 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business has a fifty day simple moving average of $192.56 and a two-hundred day simple moving average of $186.18. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.44, a P/E/G 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 (EPS) 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 business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. JMP Securities boosted their target price on Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus boosted 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. Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $235.77.

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.