Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by FormulaFolio Investments LLC

FormulaFolio Investments LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,249 shares of the e-commerce giant’s stock after acquiring an additional 178 shares during the period. FormulaFolio Investments LLC’s holdings in Amazon.com were worth $7,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Inspirion Wealth Advisors LLC raised its holdings in Amazon.com by 0.8% during the third quarter. Inspirion Wealth Advisors LLC now owns 399 shares of the e-commerce giant’s stock valued at $1,256,000 after buying an additional 3 shares in the last quarter. Woodstock Corp increased its stake in shares of Amazon.com by 2.2% in the second quarter. Woodstock Corp now owns 182 shares of the e-commerce giant’s stock worth $502,000 after purchasing an additional 4 shares during the period. RVW Wealth LLC increased its stake in shares of Amazon.com by 0.9% in the second quarter. RVW Wealth LLC now owns 465 shares of the e-commerce giant’s stock worth $1,283,000 after purchasing an additional 4 shares during the period. Indiana Trust & Investment Management CO increased its stake in shares of Amazon.com by 1.0% in the second quarter. Indiana Trust & Investment Management CO now owns 390 shares of the e-commerce giant’s stock worth $1,076,000 after purchasing an additional 4 shares during the period. Finally, Peterson Wealth Advisors LLC increased its stake in shares of Amazon.com by 1.7% in the second quarter. Peterson Wealth Advisors LLC now owns 243 shares of the e-commerce giant’s stock worth $670,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 57.32% of the company’s stock.

A number of equities analysts have recently commented on the company. MKM Partners lifted their price objective on Amazon.com from $3,550.00 to $3,650.00 in a research note on Friday, July 31st. Pivotal Research lifted their price objective on Amazon.com from $3,925.00 to $4,500.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 12th. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, September 18th. Finally, Oppenheimer lifted their price objective on Amazon.com from $2,700.00 to $3,500.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-nine have given a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $3,438.90.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,200 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $3,174.18, for a total transaction of $3,809,016.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $31,741,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 97,654 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the sale, the chief executive officer now owns 54,583,923 shares of the company’s stock, valued at approximately $171,944,270,003.07. The disclosure for this sale can be found here. Insiders have sold a total of 102,815 shares of company stock valued at $324,095,003 in the last quarter. Corporate insiders own 16.10% of the company’s stock.

AMZN stock opened at $3,272.71 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97. The company has a 50 day moving average price of $3,207.58 and a 200 day moving average price of $2,802.40. Amazon.com, Inc. has a fifty-two week low of $1,626.03 and a fifty-two week high of $3,552.25. The stock has a market capitalization of $1,639.27 billion, a PE ratio of 125.83, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%. The firm had revenue of $88.91 billion during the quarter, compared to analysts’ expectations of $81.56 billion. As a group, equities analysts expect that Amazon.com, Inc. will post 31.61 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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