Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Boosted by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,546 shares of the e-commerce giant’s stock after buying an additional 347 shares during the period. Insight Wealth Strategies LLC’s holdings in Amazon.com were worth $5,133,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Deltec Asset Management LLC raised its stake in Amazon.com by 8.5% during the 1st quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock valued at $35,299,000 after purchasing an additional 15,253 shares during the period. Strata Wealth Advisors LLC boosted its position in Amazon.com by 5.7% during the 1st quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock worth $884,000 after acquiring an additional 264 shares during the period. Chatham Capital Group Inc. grew its stake in Amazon.com by 5.5% during the 1st quarter. Chatham Capital Group Inc. now owns 5,699 shares of the e-commerce giant’s stock valued at $1,028,000 after acquiring an additional 298 shares in the last quarter. WJ Wealth Management LLC increased its holdings in shares of Amazon.com by 2.7% in the 1st quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock valued at $3,608,000 after purchasing an additional 534 shares during the period. Finally, Blue Zone Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock worth $5,494,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. JMP Securities boosted their target price on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. TD Securities upped their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Finally, Loop Capital upped their target price on Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.48.

Amazon.com Price Performance

AMZN stock opened at $195.78 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business has a 50-day simple moving average of $185.23 and a two-hundred day simple moving average of $183.89. The company has a market capitalization of $2.05 trillion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $138.36 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. During the same period in the prior year, the firm posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 4.84 EPS for the current fiscal year.

Insider Activity

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

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.