Oxler Private Wealth LLC Has $18.02 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Oxler Private Wealth LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,725 shares of the e-commerce giant’s stock after purchasing an additional 293 shares during the period. Amazon.com accounts for about 6.3% of Oxler Private Wealth LLC’s investment portfolio, making the stock its 3rd biggest position. Oxler Private Wealth LLC’s holdings in Amazon.com were worth $18,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cherrydale Wealth Management LLC increased its position in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after purchasing an additional 55 shares during the period. Stablepoint Partners LLC lifted its position in shares of 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 purchasing an additional 661 shares during the period. Sapient Capital LLC boosted its stake in shares of Amazon.com by 0.9% during the third quarter. Sapient Capital LLC now owns 543,289 shares of the e-commerce giant’s stock valued at $101,231,000 after purchasing an additional 4,632 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Amazon.com during the third quarter valued at approximately $3,198,000. Finally, Procyon Advisors LLC raised its stake in Amazon.com by 8.7% in the third quarter. Procyon Advisors LLC now owns 196,811 shares of the e-commerce giant’s stock worth $36,683,000 after buying an additional 15,684 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Roth Mkm lifted 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. Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group raised their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Finally, TD Cowen raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $206.84 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization 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 firm’s 50 day simple moving average is $187.83 and its 200-day simple moving average is $184.71. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25.

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 the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock worth $10,215,097 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.