Martel Wealth Advisors Inc Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Martel Wealth Advisors Inc decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,537 shares of the e-commerce giant’s stock after selling 91 shares during the quarter. Amazon.com makes up 1.4% of Martel Wealth Advisors Inc’s holdings, making the stock its 13th largest holding. Martel Wealth Advisors Inc’s holdings in Amazon.com were worth $6,815,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp grew its position 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 in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc grew its holdings 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 valued at $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com during the 1st quarter valued at approximately $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.9 %

Shares of NASDAQ AMZN opened at $208.18 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The firm has a market cap of $2.19 trillion, a PE ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The business has a fifty day simple moving average of $187.83 and a two-hundred day simple moving average of $184.62. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. 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 is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Scotiabank increased their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. Telsey Advisory Group boosted their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.55.

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.