Amazon.com, Inc. $AMZN Shares Purchased by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,856 shares of the e-commerce giant's stock after purchasing an additional 2,455 shares during the quarter. Amazon.com comprises approximately 1.5% of Sound View Wealth Advisors Group LLC's portfolio, making the stock its 13th largest holding. Sound View Wealth Advisors Group LLC's holdings in Amazon.com were worth $19,713,000 as of its most recent SEC filing.

• Marvell's Rally Extends: Data Centers and AMZN Chips Boost Shares

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Nuveen LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $11,674,091,000. Goldman Sachs Group Inc. raised its stake in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. Finally, Amundi grew its position in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant's stock valued at $9,884,098,000 after buying an additional 7,267,277 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. William Blair restated an "outperform" rating on shares of Amazon.com in a research report on Monday, November 3rd. Maxim Group raised their price objective on shares of Amazon.com from $272.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, October 31st. Piper Sandler reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday. Rothschild & Co Redburn reissued a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research note on Tuesday, November 18th. Finally, JPMorgan Chase & Co. reissued a "buy" rating and issued a $305.00 price target on shares of Amazon.com in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $296.11.

• Netflix Goes All In: The $70B Play to End the Streaming Wars

View Our Latest Report on AMZN

Amazon.com Stock Performance

AMZN opened at $229.11 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The stock has a market cap of $2.45 trillion, a P/E ratio of 32.36, a P/E/G ratio of 1.60 and a beta of 1.37. The stock's 50 day simple moving average is $228.38 and its 200 day simple moving average is $223.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

• Wall Street’s Sleeping Giant: Is Amazon About to Wake Up?

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts' expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares of the company's stock, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company's stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is owned by company insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Featured Stories

• Five stocks we like better than Amazon.com
• What is the Euro STOXX 50 Index?
• The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy
• Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
• Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF
• What is a Dividend King?
• Strong Quarter, Weak Reaction: Why GitLab Shares Dropped

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Amazon.com Right Now?

Before you consider Amazon.com, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.

While Amazon.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here