Intelligence Driven Advisers LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Intelligence Driven Advisers LLC has significantly increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 43.4% during the third quarter, according to recent reports from HoldingsChannel. The advisory firm now owns 7,139 shares of the well-known e-commerce company, having purchased an additional 2,161 shares throughout the quarter. As of the latest filing submitted to the Securities and Exchange Commission, Intelligence Driven Advisers LLC's investment in Amazon is valued at $1,330,000.

Several other institutional investors have also adjusted their holdings in Amazon.com recently. For instance, Tokio Marine Asset Management Co., Ltd. raised its stake in Amazon by 3.7% during the third quarter, bringing its total ownership to 461,952 shares, which are now worth $86,076,000 after acquiring 16,670 shares in the period. Similarly, Ferguson Wellman Capital Management Inc. increased its holdings by 1.3%, owning 588,874 shares valued at $109,725,000 after purchasing an additional 7,328 shares. Other firms like Black Swift Group LLC increased their position by 20.6%, Unionview LLC by 3.9%, and Metis Global Partners LLC by 3.4% during the same timeframe. It appears that institutional investors continue to have a strong presence in Amazon, collectively holding 72.20% of its shares.

Amazon.com Stock Overview

On Thursday, shares of Amazon.com traded at $229.05, reflecting a market capitalization of $2.41 trillion. The company has a price-to-earnings (P/E) ratio of 49.05, a P/E to growth (P/E/G) ratio of 1.54, and a beta of 1.16. Over the past year, Amazon's stock has seen fluctuations between a low of $144.05 and a high of $233.00. Presently, the company's 50-day simple moving average stands at $207.40, and its 200-day moving average is $192.05. Amazon.com has a quick ratio of 0.87, a current ratio of 1.09, and a debt-to-equity ratio of 0.21.

The most recent earnings report for Amazon.com was announced on October 31st, where the company exceeded analysts' expectations with earnings per share (EPS) of $1.43; this was higher than the consensus estimate of $1.14 by $0.29. The reported revenue during the quarter was $158.88 billion, surpassing the anticipated $157.28 billion. Year-over-year, Amazon's revenue increased by 11.0%. During the same quarter a year earlier, the company had posted an EPS of $0.85. Current forecasts suggest that Amazon.com, Inc. may report an EPS of 5.29 for the current year.

Recent Analyst Ratings

Amazon has been the focus of multiple research analysts recently. Pivotal Research began covering Amazon in an analysis dated October 11th and has set a "buy" rating with a target price of $260.00. JMP Securities reiterated a "market outperform" rating with an increased target price of $285.00. Benchmark has upgraded its target from $200.00 to $215.00, continuing to rate the stock as a "buy." Loop Capital also raised its price target from $225.00 to $275.00 while maintaining a "buy" rating. Piper Sandler improved its price objective from $215.00 to $225.00, giving a rating of "overweight". In total, there is a consensus rating of "Moderate Buy" for the stock based on evaluations from 41 analysts who suggest a buy rating, while one analyst classified it as a strong buy.

Director Transactions

In recent insider trading news, Director Jonathan Rubinstein sold 4,351 shares of Amazon on December 9th at an average price of $229.85, resulting in a total sale of $1,000,077.35. Following this transaction, he now holds 88,203 shares valued at approximately $20,273,459.55. The sale marked a 4.70% decrease in his position. Additionally, CEO Douglas J. Herrington sold 3,500 shares on December 2nd for a total of $735,000.00, representing a 0.66% decrease in his shareholding, which now totals 524,567 shares worth about $110,159,070. Insider sales over the last 90 days have totaled 6,032,344 shares worth over $1.25 billion, with corporate insiders collectively owning 10.80% of Amazon's stock.

About Amazon.com, Inc.

Amazon.com, Inc. operates as a leading retailer, providing various consumer products, advertising, and subscription services through its online and physical store operations in North America and globally. The company showcases three primary segments: North America, International, and Amazon Web Services (AWS), and also creates and sells electronic devices such as Kindle e-readers, Fire tablets, Echo devices, and more, in addition to producing media content.

Amazon, Investors, E-commerce