Inspire Advisors LLC Has $443,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Inspire Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,378 shares of the e-commerce giant’s stock after acquiring an additional 449 shares during the period. Inspire Advisors LLC’s holdings in Amazon.com were worth $443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Capital Research Global Investors increased its stake in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Bank of New York Mellon Corp lifted its stake in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after buying an additional 295,132 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $201.70 on Tuesday. Amazon.com, Inc. has a 12-month low of $141.50 and a 12-month high of $215.90. The company’s 50 day moving average price is $191.69 and its two-hundred day moving average price is $185.93. The firm has a market cap of $2.12 trillion, a PE ratio of 43.19, a PEG 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) last issued its quarterly earnings results 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 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 analysts’ expectations of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on 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 sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Oppenheimer lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. UBS Group upped their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.45.

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.