Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Mason & Associates Inc

Mason & Associates Inc lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,003 shares of the e-commerce giant’s stock after purchasing an additional 576 shares during the quarter. Amazon.com accounts for approximately 0.7% of Mason & Associates Inc’s investment portfolio, making the stock its 27th biggest holding. Mason & Associates Inc’s holdings in Amazon.com were worth $2,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Garrison Point Advisors LLC grew its stake in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after acquiring an additional 55 shares in the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares in the last quarter. Finally, West Wealth Group LLC grew its stake in Amazon.com by 0.4% during the 2nd quarter. West Wealth Group LLC now owns 13,144 shares of the e-commerce giant’s stock valued at $2,540,000 after acquiring an additional 57 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Oppenheimer boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Trading Down 1.0 %

Shares of NASDAQ:AMZN opened at $205.74 on Thursday. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company’s 50 day moving average is $194.14 and its two-hundred day moving average is $186.66. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.16 trillion, a PE ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. Equities analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.