Macroview Investment Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Macroview Investment Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 39.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,563 shares of the e-commerce giant’s stock after purchasing an additional 720 shares during the period. Macroview Investment Management LLC’s holdings in Amazon.com were worth $478,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Weaver Capital Management LLC increased its position in Amazon.com by 19.4% in the third quarter. Weaver Capital Management LLC now owns 19,728 shares of the e-commerce giant’s stock worth $3,676,000 after buying an additional 3,203 shares in the last quarter. Liberty Capital Management Inc. grew its stake in shares of Amazon.com by 0.6% during the 3rd quarter. Liberty Capital Management Inc. now owns 63,166 shares of the e-commerce giant’s stock valued at $11,770,000 after acquiring an additional 349 shares during the period. Community Trust & Investment Co. increased its holdings in Amazon.com by 0.5% in the 3rd quarter. Community Trust & Investment Co. now owns 335,309 shares of the e-commerce giant’s stock worth $62,478,000 after acquiring an additional 1,773 shares in the last quarter. Narwhal Capital Management raised its stake in Amazon.com by 6.4% during the 3rd quarter. Narwhal Capital Management now owns 210,203 shares of the e-commerce giant’s stock worth $39,167,000 after acquiring an additional 12,621 shares during the period. Finally, Segment Wealth Management LLC raised its stake in Amazon.com by 0.9% during the 3rd quarter. Segment Wealth Management LLC now owns 32,999 shares of the e-commerce giant’s stock worth $6,149,000 after acquiring an additional 310 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company reissued an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Scotiabank upped their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Loop Capital lifted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $201.45 on Tuesday. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The firm has a market capitalization of $2.12 trillion, a PE ratio of 43.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. 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 50 day simple moving average of $193.33 and a 200-day simple moving average of $186.38.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

About Amazon.com

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.