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

Daymark Wealth Partners LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,655 shares of the e-commerce giant’s stock after purchasing an additional 118,154 shares during the quarter. Amazon.com makes up 2.6% of Daymark Wealth Partners LLC’s holdings, making the stock its 5th largest position. Daymark Wealth Partners LLC’s holdings in Amazon.com were worth $77,076,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Saxon Interests Inc. boosted its position in Amazon.com by 4.8% during the third quarter. Saxon Interests Inc. now owns 25,526 shares of the e-commerce giant’s stock worth $4,756,000 after purchasing an additional 1,171 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in Amazon.com by 0.9% during the third quarter. Peddock Capital Advisors LLC now owns 16,384 shares of the e-commerce giant’s stock worth $3,053,000 after purchasing an additional 151 shares in the last quarter. Objectivity Squared LLC raised its holdings in shares of Amazon.com by 1.7% during the third quarter. Objectivity Squared LLC now owns 10,597 shares of the e-commerce giant’s stock valued at $1,916,000 after acquiring an additional 174 shares during the last quarter. First National Corp MA ADV raised its holdings in shares of Amazon.com by 0.9% during the third quarter. First National Corp MA ADV now owns 14,559 shares of the e-commerce giant’s stock valued at $2,713,000 after acquiring an additional 128 shares during the last quarter. Finally, Eagle Wealth Strategies LLC raised its holdings in shares of Amazon.com by 50.1% during the third quarter. Eagle Wealth Strategies LLC now owns 12,227 shares of the e-commerce giant’s stock valued at $2,278,000 after acquiring an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This 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, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated 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 approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock worth $10,215,097 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $199.50 on Wednesday. The stock has a market capitalization of $2.09 trillion, a P/E ratio of 42.72, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $138.36 and a 1 year high of $201.20. The business’s fifty day moving average is $185.75 and its two-hundred day moving average is $184.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $246.48.

About Amazon.com

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.