DE Burlo Group Inc. Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

DE Burlo Group Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,736 shares of the e-commerce giant’s stock after buying an additional 733 shares during the quarter. Amazon.com accounts for approximately 3.9% of DE Burlo Group Inc.’s holdings, making the stock its 3rd biggest holding. DE Burlo Group Inc.’s holdings in Amazon.com were worth $21,210,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tobias Financial Advisors Inc. lifted its position in Amazon.com by 2.4% during the 3rd quarter. Tobias Financial Advisors Inc. now owns 649 shares of the e-commerce giant’s stock worth $2,044,000 after buying an additional 15 shares in the last quarter. Magnus Financial Group LLC lifted its position in Amazon.com by 18.0% during the 3rd quarter. Magnus Financial Group LLC now owns 6,238 shares of the e-commerce giant’s stock worth $19,642,000 after buying an additional 951 shares in the last quarter. Applied Research Investments LLC lifted its position in Amazon.com by 60.2% during the 3rd quarter. Applied Research Investments LLC now owns 1,628 shares of the e-commerce giant’s stock worth $5,126,000 after buying an additional 612 shares in the last quarter. CIBC Asset Management Inc lifted its position in Amazon.com by 12.3% during the 3rd quarter. CIBC Asset Management Inc now owns 85,672 shares of the e-commerce giant’s stock worth $269,758,000 after buying an additional 9,351 shares in the last quarter. Finally, Resource Management LLC lifted its position in Amazon.com by 8.4% during the 3rd quarter. Resource Management LLC now owns 1,637 shares of the e-commerce giant’s stock worth $5,153,000 after buying an additional 127 shares in the last quarter. Institutional investors own 52.82% of the company’s stock.

In other news, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the completion of the sale, the chief executive officer now owns 82,599 shares of the company’s stock, valued at approximately $252,896,662.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey A. Wilke sold 750 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3,304.28, for a total value of $2,478,210.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $33,042,800. The disclosure for this sale can be found here. In the last three months, insiders sold 12,441 shares of company stock valued at $38,485,392. 16.10% of the stock is currently owned by insiders.

Several brokerages recently issued reports on AMZN. Bank of America upped their price target on shares of Amazon.com from $3,280.00 to $3,560.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Mizuho boosted their price objective on Amazon.com from $3,700.00 to $4,000.00 and gave the stock a “buy” rating in a report on Friday, October 9th. China Renaissance Securities raised Amazon.com from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $3,360.00 to $4,000.00 in a report on Wednesday, November 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Sanford C. Bernstein boosted their price objective on Amazon.com from $3,400.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Four equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average target price of $3,580.13.

NASDAQ:AMZN opened at $3,099.40 on Friday. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,552.25. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $3,195.50 and a two-hundred day moving average price of $2,974.12. The company has a market cap of $1,555.13 billion, a P/E ratio of 90.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the consensus estimate of $7.41 by $4.96. The company had revenue of $96.15 billion during the quarter, compared to the consensus estimate of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.23 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 33.77 earnings per share for the current fiscal year.

About Amazon.com

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)