Platte River Wealth Advisors LLC Sells 175 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Platte River Wealth Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,845 shares of the e-commerce giant’s stock after selling 175 shares during the period. Platte River Wealth Advisors LLC’s holdings in Amazon.com were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth about $69,000. Innealta Capital LLC bought a new stake in Amazon.com during the 2nd quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC increased its position in Amazon.com by 84.7% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMZN. Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday. Telsey Advisory Group boosted their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Loop Capital raised their target price on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $246.02.

Get Our Latest Analysis on Amazon.com

Amazon.com Trading Up 6.2 %

Shares of NASDAQ:AMZN opened at $197.93 on Friday. The company has a market capitalization of $2.08 trillion, a PE ratio of 42.38, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $136.47 and a 12-month high of $201.20. The business has a 50 day moving average of $184.82 and a two-hundred day moving average of $183.76. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock worth $9,215,048 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Profile

(Free Report)

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.

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

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