Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Avaii Wealth Management LLC

Avaii Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 41.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,280 shares of the e-commerce giant’s stock after purchasing an additional 12,783 shares during the quarter. Amazon.com accounts for about 4.1% of Avaii Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Avaii Wealth Management LLC’s holdings in Amazon.com were worth $8,064,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Zhang Financial LLC increased its position in shares of Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after acquiring an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC increased its holdings in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC acquired a new stake in Amazon.com in the 2nd quarter valued at about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after buying an additional 654,908 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMZN. Morgan Stanley raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Roth Mkm upped their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % 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. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were 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 directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $202.61 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $191.16 and its two-hundred day moving average is $185.69. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The firm has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.