United Asset Strategies Inc. Buys 169 Shares of Amazon.com, Inc. (AMZN)

United Asset Strategies Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,112 shares of the e-commerce giant’s stock after buying an additional 169 shares during the quarter. Amazon.com accounts for approximately 1.7% of United Asset Strategies Inc.’s portfolio, making the stock its 19th biggest position. United Asset Strategies Inc.’s holdings in Amazon.com were worth $2,992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Whitnell & Co. grew its stake in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC grew its stake in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Clear Investment Research LLC grew its stake in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the second quarter valued at about $121,000. Hedge funds and other institutional investors own 59.82% of the company’s stock.

In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 1,860 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now directly owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last three months, insiders have sold 402,338 shares of company stock worth $444,391,701. 17.00% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the company. Cantor Fitzgerald restated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research note on Tuesday, October 24th. They noted that the move was a valuation call. Vetr downgraded Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 target price for the company. in a research note on Monday, October 23rd. Canaccord Genuity restated a “buy” rating and set a $1,250.00 target price (up from $1,200.00) on shares of Amazon.com in a research note on Friday, October 27th. Jefferies Group restated a “buy” rating and set a $1,350.00 target price on shares of Amazon.com in a research note on Friday, October 27th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,262.35.

Shares of Amazon.com, Inc. (NASDAQ AMZN) opened at $1,305.20 on Tuesday. The firm has a market capitalization of $628,940.00, a P/E ratio of 329.60, a PEG ratio of 7.74 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a twelve month low of $803.00 and a twelve month high of $1,305.76.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. sell-side analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current year.

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Amazon.com Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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