Beacon Harbor Wealth Advisors Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Harbor Wealth Advisors Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,482 shares of the e-commerce giant’s stock after buying an additional 182 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Amazon.com were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. City State Bank grew its holdings in Amazon.com by 1.7% in the second quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock valued at $3,048,000 after purchasing an additional 270 shares during the period. Monterey Private Wealth Inc. boosted its holdings 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 purchasing an additional 755 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Amazon.com in the 2nd quarter valued at $2,609,000. New England Research & Management Inc. grew its stake in shares of Amazon.com by 7.4% during the 2nd quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock valued at $1,954,000 after buying an additional 696 shares during the period. Finally, Marion Wealth Management increased its holdings in shares of Amazon.com by 9.4% during the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after buying an additional 422 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $232.93 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a fifty day moving average price of $202.70 and a two-hundred day moving average price of $190.16. The company has a market cap of $2.45 trillion, a PE ratio of 49.88, a P/E/G ratio of 1.54 and a beta of 1.16.

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. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday. UBS Group boosted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two investment 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $240.67.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $20,273,459.55. The trade was a 4.70 % 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 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 completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.