Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,477 shares of the e-commerce giant’s stock after buying an additional 321 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Amazon.com were worth $1,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Tower Wealth Partners Inc. increased its position in shares of Amazon.com by 10.8% in the 1st quarter. Tower Wealth Partners Inc. now owns 3,701 shares of the e-commerce giant’s stock valued at $668,000 after purchasing an additional 360 shares during the last quarter. Hedeker Wealth LLC increased its holdings in Amazon.com by 0.5% in the first quarter. Hedeker Wealth LLC now owns 70,741 shares of the e-commerce giant’s stock valued at $12,760,000 after buying an additional 317 shares during the last quarter. Sloy Dahl & Holst LLC raised its stake in Amazon.com by 0.4% in the first quarter. Sloy Dahl & Holst LLC now owns 40,759 shares of the e-commerce giant’s stock valued at $7,352,000 after buying an additional 156 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Amazon.com by 4.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,751,420 shares of the e-commerce giant’s stock worth $4,464,661,000 after buying an additional 1,040,946 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Amazon.com by 1.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,641 shares of the e-commerce giant’s stock worth $1,739,000 after acquiring an additional 174 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $208.18 on Friday. The business has a 50 day moving average price of $187.83 and a 200 day moving average price of $184.62. The company has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMZN. Royal Bank of Canada upped their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wolfe Research initiated coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price target for the company. Evercore ISI upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This 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 is available through the SEC website. In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,859 shares of company stock worth $10,215,097. 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.