Salvus Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Salvus Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,827 shares of the e-commerce giant’s stock after buying an additional 277 shares during the period. Amazon.com makes up approximately 1.5% of Salvus Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Salvus Wealth Management LLC’s holdings in Amazon.com were worth $2,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Fragasso Financial Advisors Inc boosted its holdings in shares of Amazon.com by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 71,732 shares of the e-commerce giant’s stock valued at $13,366,000 after acquiring an additional 501 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Amazon.com by 0.3% in the third quarter. Fulton Bank N.A. now owns 140,680 shares of the e-commerce giant’s stock valued at $26,213,000 after purchasing an additional 463 shares during the last quarter. Lakewood Asset Management LLC grew its position in Amazon.com by 34.8% during the 3rd quarter. Lakewood Asset Management LLC now owns 1,550 shares of the e-commerce giant’s stock worth $289,000 after purchasing an additional 400 shares during the period. Parisi Gray Wealth Management raised its stake in shares of Amazon.com by 0.5% during the 3rd quarter. Parisi Gray Wealth Management now owns 20,501 shares of the e-commerce giant’s stock valued at $3,820,000 after buying an additional 94 shares during the last quarter. Finally, MKT Advisors LLC lifted its holdings in shares of Amazon.com by 0.8% in the 3rd quarter. MKT Advisors LLC now owns 8,659 shares of the e-commerce giant’s stock valued at $1,600,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday. Stifel Nicolaus increased their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities lifted their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a report on Friday. UBS Group raised their target price on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Friday. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $246.02.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $197.93 on Friday. The stock’s 50 day simple moving average is $184.82 and its 200-day simple moving average is $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. The stock has a market cap of $2.08 trillion, a PE ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $136.47 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.84 EPS for the current year.

Amazon.com 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.