Tyler Stone Wealth Management Has $7.98 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tyler Stone Wealth Management boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 130.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 42,819 shares of the e-commerce giant’s stock after acquiring an additional 24,256 shares during the period. Amazon.com accounts for 1.5% of Tyler Stone Wealth Management’s portfolio, making the stock its 13th largest position. Tyler Stone Wealth Management’s holdings in Amazon.com were worth $7,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Values First Advisors Inc. bought a new position in Amazon.com during the 3rd quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction 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 trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.7 %

Amazon.com stock opened at $224.92 on Friday. The stock has a 50-day simple moving average of $205.83 and a 200 day simple moving average of $191.30. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.