Cherrydale Wealth Management LLC Buys 55 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cherrydale Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,492 shares of the e-commerce giant’s stock after buying an additional 55 shares during the period. Amazon.com makes up about 0.6% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Cherrydale Wealth Management LLC’s holdings in Amazon.com were worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Stablepoint Partners LLC raised its holdings in Amazon.com by 1.4% in the 3rd quarter. Stablepoint Partners LLC now owns 46,794 shares of the e-commerce giant’s stock worth $8,719,000 after acquiring an additional 661 shares during the last quarter. Sapient Capital LLC increased its holdings in shares of Amazon.com by 0.9% in the 3rd quarter. Sapient Capital LLC now owns 543,289 shares of the e-commerce giant’s stock worth $101,231,000 after purchasing an additional 4,632 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Amazon.com in the third quarter worth $3,198,000. Procyon Advisors LLC boosted its position in shares of Amazon.com by 8.7% during the third quarter. Procyon Advisors LLC now owns 196,811 shares of the e-commerce giant’s stock valued at $36,683,000 after buying an additional 15,684 shares during the last quarter. Finally, Accelerate Investment Advisors LLC bought a new stake in Amazon.com in the 3rd quarter worth about $2,424,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $206.84 on Tuesday. The firm’s fifty day simple moving average is $187.83 and its two-hundred day simple moving average is $184.71. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 44.29, a PEG ratio of 1.40 and a beta of 1.14. 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 announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm increased their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Wedbush lifted their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 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 stock. According to data from MarketBeat.com, Amazon.com presently 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.