SoundView Advisors Inc. Purchases 3,077 Shares of Amazon.com, Inc. $AMZN

SoundView Advisors Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 88.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the e-commerce giant’s stock after buying an additional 3,077 shares during the period. Amazon.com accounts for approximately 0.2% of SoundView Advisors Inc.’s holdings, making the stock its 17th biggest position. SoundView Advisors Inc.’s holdings in Amazon.com were worth $1,438,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at approximately $27,000. Maryland Capital Advisors Inc. increased its position in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Ryan Investment Management Inc. purchased a new position in Amazon.com during the second quarter valued at $48,000. Cooksen Wealth LLC boosted its holdings in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com in the first quarter worth $59,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Rothschild & Co Redburn reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, November 18th. Mizuho downgraded shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Barclays restated an “overweight” rating and issued a $300.00 price objective (up from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $295.50.

Get Our Latest Stock Report on Amazon.com

Amazon.com Stock Up 0.0%

AMZN stock opened at $232.25 on Friday. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The business’s 50-day moving average is $230.70 and its two-hundred day moving average is $226.01. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. This represents a 4.52% 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, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the sale, the chief executive officer owned 493,507 shares in the company, valued at $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by corporate insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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