Chico Wealth RIA Acquires 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Chico Wealth RIA increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,247 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the quarter. Amazon.com makes up 0.4% of Chico Wealth RIA’s investment portfolio, making the stock its 21st biggest holding. Chico Wealth RIA’s holdings in Amazon.com were worth $419,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% in the 2nd 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 acquired a new position in Amazon.com in the third quarter valued at $37,000. Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at $56,000. Christopher J. Hasenberg Inc grew its holdings 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 acquiring an additional 260 shares during the period. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Amazon.com in the 1st quarter worth about $69,000. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities raised their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC raised their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group upped their price objective 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. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Price Performance

AMZN opened at $205.74 on Friday. The firm has a market cap of $2.16 trillion, a P/E ratio of 44.06, a PEG ratio of 1.35 and a beta of 1.14. 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 fifty-two week low of $142.81 and a fifty-two week high of $215.90. The firm has a 50-day moving average of $194.46 and a 200 day moving average of $186.79.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts expect that Amazon.com, Inc. will post 5.29 EPS 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.