3,226 Amazon.com, Inc. $AMZN Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,048 shares of the e-commerce giant’s stock after purchasing an additional 3,226 shares during the quarter. Amazon.com comprises about 1.5% of Sowell Financial Services LLC’s portfolio, making the stock its 10th biggest holding. Sowell Financial Services LLC’s holdings in Amazon.com were worth $56,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City State Bank raised its holdings in Amazon.com by 0.4% during the third quarter. City State Bank now owns 20,681 shares of the e-commerce giant’s stock worth $5,153,000 after purchasing an additional 90 shares in the last quarter. Atticus Wealth Management LLC lifted its position in Amazon.com by 13.4% in the third quarter. Atticus Wealth Management LLC now owns 15,269 shares of the e-commerce giant’s stock worth $3,804,000 after purchasing an additional 1,803 shares during the period. QP Wealth Management LLC lifted its position in Amazon.com by 0.9% in the third quarter. QP Wealth Management LLC now owns 7,601 shares of the e-commerce giant’s stock worth $1,894,000 after purchasing an additional 68 shares during the period. Bell Bank boosted its stake in Amazon.com by 6.8% during the 3rd quarter. Bell Bank now owns 71,599 shares of the e-commerce giant’s stock valued at $17,839,000 after purchasing an additional 4,582 shares in the last quarter. Finally, Eagle Harbor Asset Management Inc. ADV boosted its stake in Amazon.com by 2.1% during the 3rd quarter. Eagle Harbor Asset Management Inc. ADV now owns 6,073 shares of the e-commerce giant’s stock valued at $1,513,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.1%

AMZN stock opened at $250.69 on Wednesday. The firm has a market cap of $2.71 trillion, a PE ratio of 20.27, a P/E/G ratio of 1.86 and a beta of 1.49. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $253.79 and a 200 day simple moving average of $243.18.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 7.84 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Andrew Jassy sold 20,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $251.50, for a total value of $251,500.00. Following the sale, the chief executive officer directly owned 474,681 shares of the company’s stock, valued at approximately $119,382,271.50. This represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 70,589 shares of company stock worth $18,302,125. 8.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, Barclays reaffirmed an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.02.

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Amazon.com Profile

(Free Report)

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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

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