Flagship Private Wealth LLC Has $335,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Flagship Private Wealth LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,797 shares of the e-commerce giant’s stock after selling 89 shares during the quarter. Flagship Private Wealth LLC’s holdings in Amazon.com were worth $335,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% during the third 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 acquiring an additional 38,949,065 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after acquiring an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. lifted its stake in Amazon.com by 20,517.4% in the second 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 during the last quarter. National Pension Service grew its stake in Amazon.com by 15.9% in the 3rd quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after buying an additional 2,321,786 shares in the last quarter. Finally, Granite Bay Wealth Management LLC lifted its stake in Amazon.com by 6,590.8% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock worth $432,394,000 after purchasing an additional 2,318,713 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. UBS Group lifted their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $238.87.

Amazon.com Price Performance

NASDAQ AMZN opened at $227.46 on Friday. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock’s fifty day moving average price is $201.65 and its 200 day moving average price is $189.67. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $231.20.

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 net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.