Hibernia Wealth Partners LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hibernia Wealth Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,215 shares of the e-commerce giant’s stock after acquiring an additional 204 shares during the quarter. Hibernia Wealth Partners LLC’s holdings in Amazon.com were worth $413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the 2nd 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Needham & Company LLC lifted their target price on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group increased their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Up 1.4 %

Shares of NASDAQ:AMZN opened at $210.71 on Tuesday. 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 firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 45.12, a PEG ratio of 1.39 and a beta of 1.14. The stock’s 50-day moving average price is $194.78 and its two-hundred day moving average price is $186.94. Amazon.com, Inc. has a 12-month low of $142.81 and a 12-month high of $215.90.

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, 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 in the last quarter. 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.