Neumann Capital Management LLC has acquired a new position in Amazon.com, Inc. (NASDAQ: AMZN) during the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,698 shares of the e-commerce giant's stock, valued at approximately $3,662,000.
Several other institutional investors also adjusted their holdings in Amazon.com during the same period. NFSG Corp increased its position by 0.5%, now owning 112,469 shares worth $28,014,000. Activest Wealth Management lifted its stake by 0.4%, holding 52,296 shares valued at $12,989,000. Split Rock Private Trading & Wealth Management LLC increased its stake by 0.3%, now owning 27,946 shares worth $6,963,000. Columbia Advisory Partners LLC boosted its holdings by 2.2%, now owning 6,113 shares valued at $1,523,000. SLT Holdings LLC increased its stake by 3.7%, now owning 22,280 shares worth $5,551,000.
Analysts have recently commented on Amazon.com shares. Wolfe Research restated an "outperform" rating with a $315.00 price target. Benchmark lifted its price objective to $400.00 and gave the company a "buy" rating. Rosenblatt Securities boosted their target price to $360.00 and gave the company a "buy" rating. Pivotal Research restated a "buy" rating with a $333.00 target price. Royal Bank Of Canada upped their target price to $330.00 and gave the stock an "outperform" rating. The stock currently has an average rating of "Moderate Buy" and a consensus price target of $322.53.
Amazon.com opened at $248.00 on Friday, with a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, and a PEG ratio of 2.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87, and a current ratio of 1.03. Amazon.com reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion.