Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,648 shares of the e-commerce giant’s stock after purchasing an additional 224 shares during the period. Amazon.com comprises approximately 5.0% of Western Pacific Wealth Management LP’s investment portfolio, making the stock its 4th largest position. Western Pacific Wealth Management LP’s holdings in Amazon.com were worth $7,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. City State Bank raised its stake in shares of Amazon.com by 1.7% during the second quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock valued at $3,048,000 after acquiring an additional 270 shares during the last quarter. Monterey Private Wealth Inc. grew its position in shares of Amazon.com by 6.5% in the 2nd quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock valued at $2,375,000 after buying an additional 755 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Amazon.com in the second quarter valued at about $2,609,000. New England Research & Management Inc. raised its position in shares of Amazon.com by 7.4% during the second quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock worth $1,954,000 after acquiring an additional 696 shares during the last quarter. Finally, Marion Wealth Management lifted its stake in shares of Amazon.com by 9.4% in the second quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after acquiring an additional 422 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 2.4 %

AMZN stock opened at $232.93 on Tuesday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The firm has a market capitalization of $2.45 trillion, a PE ratio of 49.88, a PEG ratio of 1.54 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 simple moving average of $202.70 and a two-hundred day simple moving average of $190.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Redburn Atlantic raised their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.67.

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.