Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,999 shares of the e-commerce giant’s stock after purchasing an additional 310 shares during the quarter. Segment Wealth Management LLC’s holdings in Amazon.com were worth $6,149,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMZN. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc lifted its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. TD Cowen upped their price objective 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. UBS Group increased their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Amazon.com in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Trading Down 0.6 %

Amazon.com stock opened at $197.12 on Monday. The firm’s 50-day moving average is $193.00 and its 200-day moving average is $186.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The company has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.