Magnus Financial Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% during the third quarter, HoldingsChannel.com reports. The firm owned 6,238 shares of the e-commerce giant’s stock after buying an additional 951 shares during the period. Amazon.com accounts for 2.3% of Magnus Financial Group LLC’s portfolio, making the stock its 8th biggest position. Magnus Financial Group LLC’s holdings in Amazon.com were worth $19,642,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Applied Research Investments LLC grew its holdings in shares of Amazon.com by 60.2% during the third quarter. Applied Research Investments LLC now owns 1,628 shares of the e-commerce giant’s stock valued at $5,126,000 after buying an additional 612 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Amazon.com by 12.3% during the third quarter. CIBC Asset Management Inc now owns 85,672 shares of the e-commerce giant’s stock valued at $269,758,000 after buying an additional 9,351 shares during the last quarter. Resource Management LLC grew its holdings in shares of Amazon.com by 8.4% during the third quarter. Resource Management LLC now owns 1,637 shares of the e-commerce giant’s stock valued at $5,153,000 after buying an additional 127 shares during the last quarter. Cabot Wealth Management Inc. grew its holdings in shares of Amazon.com by 2.7% during the third quarter. Cabot Wealth Management Inc. now owns 302 shares of the e-commerce giant’s stock valued at $951,000 after buying an additional 8 shares during the last quarter. Finally, Seelaus Asset Management LLC grew its holdings in shares of Amazon.com by 2.9% during the third quarter. Seelaus Asset Management LLC now owns 358 shares of the e-commerce giant’s stock valued at $1,127,000 after buying an additional 10 shares during the last quarter. 52.82% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jonathan Rubinstein sold 309 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $3,319.97, for a total value of $1,025,870.73. Following the completion of the sale, the director now owns 6,900 shares of the company’s stock, valued at approximately $22,907,793. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $3,061.74, for a total transaction of $21,263,784.30. Following the completion of the sale, the chief executive officer now directly owns 82,599 shares of the company’s stock, valued at approximately $252,896,662.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,441 shares of company stock valued at $38,485,392. 16.10% of the stock is owned by insiders.

AMZN stock opened at $3,099.40 on Friday. The company has a market cap of $1,555.13 billion, a price-to-earnings ratio of 90.76, a PEG ratio of 3.21 and a beta of 1.29. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,552.25. The firm has a 50-day moving average of $3,195.50 and a two-hundred day moving average of $2,974.12.

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 Zacks’ 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 net margin of 4.99% and a return on equity of 24.49%. Amazon.com’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.23 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 33.77 earnings per share for the current year.

A number of equities research analysts have recently weighed in on AMZN shares. Morgan Stanley dropped their price objective on shares of Amazon.com from $3,750.00 to $3,740.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Pivotal Research upped their price target on shares of Amazon.com from $3,925.00 to $4,500.00 and gave the company a “buy” rating in a report on Thursday, October 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 30th. Barclays upped their price target on shares of Amazon.com from $3,530.00 to $3,660.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Finally, BMO Capital Markets upped their price target on shares of Amazon.com from $2,850.00 to $3,500.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $3,580.13.

Amazon.com 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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