Pursue Wealth Partners LLC Purchases 15,027 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pursue Wealth Partners LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 55.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,144 shares of the e-commerce giant’s stock after buying an additional 15,027 shares during the quarter. Amazon.com comprises about 4.3% of Pursue Wealth Partners LLC’s holdings, making the stock its 5th largest position. Pursue Wealth Partners LLC’s holdings in Amazon.com were worth $7,853,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Swedbank AB purchased a new position in shares of Amazon.com in the 1st quarter valued at about $2,239,757,000. Strategic Financial Concepts LLC increased its holdings in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Amazon.com by 20,517.4% in the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings in Amazon.com by 6,590.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after acquiring an additional 2,318,713 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.9 %

Shares of Amazon.com stock opened at $227.03 on Friday. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $197.39 and a two-hundred day moving average price of $188.12. Amazon.com, Inc. has a 12-month low of $143.64 and a 12-month high of $227.15.

Amazon.com (NASDAQ:AMZN) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Wells Fargo & Company restated an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Piper Sandler raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.20.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,030,183 shares of company stock worth $1,252,883,795 over the last three months. 10.80% of the stock is currently owned by insiders.

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.