Amazon.com, Inc. (NASDAQ:AMZN) is Transform Wealth LLC’s 9th Largest Position

Transform Wealth LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,220 shares of the e-commerce giant’s stock after buying an additional 2,225 shares during the period. Amazon.com makes up 1.7% of Transform Wealth LLC’s portfolio, making the stock its 9th biggest position. Transform Wealth LLC’s holdings in Amazon.com were worth $25,568,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Leisure Capital Management grew its position in Amazon.com by 8.9% during the third quarter. Leisure Capital Management now owns 5,633 shares of the e-commerce giant’s stock valued at $1,050,000 after buying an additional 460 shares during the period. Terra Nova Asset Management LLC raised its stake in Amazon.com by 0.9% during the 3rd quarter. Terra Nova Asset Management LLC now owns 19,282 shares of the e-commerce giant’s stock worth $3,593,000 after acquiring an additional 176 shares during the period. McKinley Carter Wealth Services Inc. lifted its stake in shares of Amazon.com by 3.6% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 48,175 shares of the e-commerce giant’s stock valued at $8,976,000 after buying an additional 1,676 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in Amazon.com by 1.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 170,159 shares of the e-commerce giant’s stock worth $31,706,000 after buying an additional 2,155 shares in the last quarter. Finally, Sunpointe LLC lifted its holdings in Amazon.com by 2.0% in the 3rd quarter. Sunpointe LLC now owns 21,267 shares of the e-commerce giant’s stock worth $3,963,000 after purchasing an additional 415 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Benchmark upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer raised their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC boosted their price objective on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Stock Down 1.2 %

Amazon.com stock opened at $211.48 on Friday. The business has a fifty day moving average price of $189.87 and a 200-day moving average price of $185.36. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.40 and a beta of 1.14. 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 released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated 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 owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is owned by insiders.

About Amazon.com

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.