Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Keystone Wealth Services LLC

Keystone Wealth Services LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 27.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,299 shares of the e-commerce giant’s stock after buying an additional 4,312 shares during the quarter. Amazon.com accounts for about 1.0% of Keystone Wealth Services LLC’s portfolio, making the stock its 20th largest holding. Keystone Wealth Services LLC’s holdings in Amazon.com were worth $3,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc increased its stake 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 worth $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 worth approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the 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 sale, the chief executive officer now directly 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 filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 2.5 %

Shares of AMZN opened at $214.10 on Thursday. The business’s 50-day moving average price is $189.05 and its 200-day moving average price is $185.15. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.09. The stock has a market cap of $2.25 trillion, a PE ratio of 45.85, a P/E/G 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 posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Friday, November 1st. Robert W. Baird increased their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Two 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 stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $234.55.

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.