Rebalance LLC Makes New $240,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Rebalance LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,290 shares of the e-commerce giant’s stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. Sterling Financial Group Inc. boosted its holdings in shares of Amazon.com by 2.4% during the third quarter. Sterling Financial Group Inc. now owns 7,853 shares of the e-commerce giant’s stock worth $1,463,000 after purchasing an additional 184 shares during the period. Greenleaf Trust increased its position in Amazon.com by 6.1% during the third quarter. Greenleaf Trust now owns 505,311 shares of the e-commerce giant’s stock worth $94,155,000 after buying an additional 29,200 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Amazon.com by 7.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 798,483 shares of the e-commerce giant’s stock valued at $148,781,000 after buying an additional 53,846 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its holdings in Amazon.com by 11.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 12,219 shares of the e-commerce giant’s stock valued at $2,277,000 after buying an additional 1,229 shares in the last quarter. Finally, Chris Bulman Inc boosted its stake in shares of Amazon.com by 46.5% during the 3rd quarter. Chris Bulman Inc now owns 2,029 shares of the e-commerce giant’s stock worth $378,000 after acquiring an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $201.45 on Tuesday. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The stock has a market capitalization of $2.12 trillion, a PE ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s fifty day moving average is $193.33 and its 200-day moving average is $186.38.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. 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 three months. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JMP Securities boosted their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Benchmark lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Finally, UBS Group lifted their price objective on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.77.

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.