Secure Asset Management LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Secure Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,478 shares of the e-commerce giant's stock after purchasing an additional 3,521 shares during the quarter. Amazon.com makes up 1.6% of Secure Asset Management LLC's investment portfolio, making the stock its 9th biggest holding. Secure Asset Management LLC's holdings in Amazon.com were worth $9,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMZN. Zhang Financial LLC boosted its position in shares of Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock worth $9,520,000 after acquiring an additional 5,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after purchasing an additional 14,766 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock valued at $22,211,000 after purchasing an additional 19,231 shares in the last quarter. Stonekeep Investments LLC purchased a new position in Amazon.com in the second quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock worth $203,677,000 after purchasing an additional 654,908 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Morgan Stanley increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Evercore ISI lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Robert W. Baird upped their target price on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, UBS Group increased their price objective on Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $235.45.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares of the company's stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 4.2 %

Shares of AMZN traded down $8.87 during mid-day trading on Friday, hitting $202.61. The company had a trading volume of 86,591,144 shares, compared to its average volume of 42,217,644. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $191.16 and its 200-day simple moving average is $185.76. The stock has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.