Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,454 shares of the e-commerce giant’s stock after acquiring an additional 246 shares during the period. Amazon.com comprises 1.2% of Soltis Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Soltis Investment Advisors LLC’s holdings in Amazon.com were worth $8,062,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Sphinx Trading LP purchased a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $30,000. Lion Street Advisors LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $52,000. Lountzis Asset Management LLC raised its stake in shares of Amazon.com by 60.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $53,000 after acquiring an additional 6 shares during the period. True Link Financial Advisors LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $72,000. Finally, Dark Forest Capital Management LP purchased a new stake in Amazon.com during the 2nd quarter worth approximately $96,000. 56.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMZN opened at $3,242.76 on Friday. The company has a 50-day simple moving average of $3,438.21 and a 200-day simple moving average of $3,427.83. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.64 trillion, a PE ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The business had revenue of $110.81 billion for the quarter, compared to analysts’ expectations of $111.66 billion. During the same quarter last year, the business posted $12.37 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 40.79 EPS for the current year.

In other Amazon.com news, Director Jonathan Rubinstein sold 271 shares of the firm’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $3,700.00, for a total transaction of $1,002,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 712 shares of the firm’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $3,534.74, for a total transaction of $2,516,734.88. The disclosure for this sale can be found here. Insiders have sold a total of 86,314 shares of company stock valued at $292,824,570 over the last 90 days. 14.00% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on AMZN shares. The Goldman Sachs Group cut their target price on shares of Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. Cowen upped their target price on shares of Amazon.com from $4,300.00 to $4,500.00 and gave the stock an “outperform” rating in a research note on Monday, December 13th. Credit Suisse Group cut their target price on shares of Amazon.com from $4,200.00 to $4,100.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Piper Sandler cut their target price on shares of Amazon.com from $3,904.00 to $3,875.00 and set an “overweight” rating on the stock in a research note on Friday, October 29th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $4,100.00 target price on shares of Amazon.com in a research note on Sunday, October 31st. Forty research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $4,201.88.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading: Cost of Debt

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

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