Biondo Investment Advisors LLC Acquires 86 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Biondo Investment Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,204 shares of the e-commerce giant’s stock after purchasing an additional 86 shares during the period. Amazon.com comprises about 1.5% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Biondo Investment Advisors LLC’s holdings in Amazon.com were worth $6,940,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMZN. Visionary Wealth Advisors increased its holdings in shares of Amazon.com by 18.4% in the 2nd quarter. Visionary Wealth Advisors now owns 1,173 shares of the e-commerce giant’s stock worth $3,236,000 after purchasing an additional 182 shares in the last quarter. Sharkey Howes & Javer bought a new stake in shares of Amazon.com in the second quarter worth $226,000. Harrington Investments INC grew its holdings in shares of Amazon.com by 5.5% in the second quarter. Harrington Investments INC now owns 1,459 shares of the e-commerce giant’s stock worth $4,025,000 after acquiring an additional 76 shares during the period. JSF Financial LLC grew its holdings in shares of Amazon.com by 5.7% in the second quarter. JSF Financial LLC now owns 759 shares of the e-commerce giant’s stock worth $2,094,000 after acquiring an additional 41 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in shares of Amazon.com by 67.7% in the second quarter. Financial Management Professionals Inc. now owns 208 shares of the e-commerce giant’s stock worth $574,000 after acquiring an additional 84 shares during the period. 52.82% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on AMZN shares. DA Davidson lifted their price objective on Amazon.com from $2,625.00 to $3,800.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company lifted their price objective on Amazon.com from $3,000.00 to $3,600.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Societe Generale lifted their price objective on Amazon.com from $2,730.00 to $3,660.00 and gave the stock a “buy” rating in a report on Friday, October 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, November 2nd. Finally, Loop Capital boosted their price target on Amazon.com from $2,900.00 to $3,775.00 in a report on Monday, August 10th. Four research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $3,580.13.

In related news, Director Indra K. Nooyi acquired 8 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average cost of $3,208.60 per share, for a total transaction of $25,668.80. Following the completion of the transaction, the director now directly owns 826 shares in the company, valued at approximately $2,650,303.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $3,114.36, for a total value of $3,737,232.00. Following the transaction, the chief executive officer now directly owns 8,291 shares in the company, valued at approximately $25,821,158.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,441 shares of company stock worth $38,485,392. Company insiders own 16.10% of the company’s stock.

Shares of AMZN stock opened at $3,099.40 on Friday. Amazon.com, Inc. has a 1 year low of $1,626.03 and a 1 year high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $3,195.50 and its two-hundred day simple moving average is $2,974.12. The company has a market cap of $1,555.13 billion, a PE ratio of 90.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.41 by $4.96. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The business had revenue of $96.15 billion for the quarter, compared to the consensus estimate of $92.56 billion. During the same period in the prior year, the business posted $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 33.77 EPS for the current 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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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