Moneta Group Investment Advisors LLC Has $13.45 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Moneta Group Investment Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 4,093 shares of the e-commerce giant’s stock after purchasing an additional 167 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Amazon.com were worth $13,446,000 as of its most recent […]

Amazon.com logoMoneta Group Investment Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 4,093 shares of the e-commerce giant’s stock after purchasing an additional 167 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Amazon.com were worth $13,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $605,000. Newbridge Financial Services Group Inc. lifted its position in shares of Amazon.com by 12.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,883 shares of the e-commerce giant’s stock worth $6,478,000 after purchasing an additional 201 shares during the period. Meitav Dash Investments Ltd. lifted its position in shares of Amazon.com by 13.6% in the 2nd quarter. Meitav Dash Investments Ltd. now owns 12,944 shares of the e-commerce giant’s stock worth $44,531,000 after purchasing an additional 1,546 shares during the period. C M Bidwell & Associates Ltd. increased its stake in shares of Amazon.com by 20.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 387 shares of the e-commerce giant’s stock valued at $1,331,000 after acquiring an additional 66 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Amazon.com by 13.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 79,244 shares of the e-commerce giant’s stock valued at $272,612,000 after acquiring an additional 9,236 shares in the last quarter. 56.96% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the stock. Citigroup cut their price objective on shares of Amazon.com from $4,175.00 to $4,100.00 and set a “buy” rating on the stock in a report on Tuesday, November 2nd. Telsey Advisory Group decreased their price objective on shares of Amazon.com from $4,000.00 to $3,850.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Wolfe Research reduced their price target on shares of Amazon.com from $3,850.00 to $3,800.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. BMO Capital Markets dropped their price objective on Amazon.com from $4,100.00 to $3,600.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Barclays dropped their price target on Amazon.com from $4,130.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, October 29th. One analyst has rated the stock with a hold rating and thirty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $4,167.18.

In other Amazon.com news, Director Jonathan Rubinstein sold 271 shares of the firm’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $3,700.00, for a total transaction of $1,002,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 34 shares of the firm’s stock in a transaction on Thursday, December 2nd. The stock was sold at an average price of $3,460.00, for a total value of $117,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,314 shares of company stock worth $292,824,570. Company insiders own 14.00% of the company’s stock.

Shares of AMZN stock opened at $2,890.00 on Monday. The stock’s 50-day simple moving average is $3,318.62 and its 200-day simple moving average is $3,379.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.12. The firm has a market capitalization of $1.47 trillion, a PE ratio of 56.33, a P/E/G ratio of 2.59 and a beta of 1.10. Amazon.com, Inc. has a fifty-two week low of $2,707.04 and a fifty-two week high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). The firm had revenue of $110.81 billion during the quarter, compared to analyst estimates of $111.66 billion. Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $12.37 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 40.79 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

In other Amazon.com news, Director Jonathan Rubinstein sold 271 shares of the firm’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $3,700.00, for a total transaction of $1,002,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 34 shares of the firm’s stock in a transaction on Thursday, December 2nd. The stock was sold at an average price of $3,460.00, for a total value of $117,640.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,314 shares of company stock worth $292,824,570. Company insiders own 14.00% of the company’s stock.

Source: https://etfdailynews.com/news/moneta-group-investment-advisors-llc-has-13-45-million-stake-in-amazon-com-inc-nasdaqamzn/

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