Catalytic Wealth RIA LLC Acquires 5,109 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Catalytic Wealth RIA LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,516 shares of the e-commerce giant’s stock after buying an additional 5,109 shares during the period. Amazon.com comprises about 1.6% of Catalytic Wealth RIA LLC’s portfolio, making the stock its 10th biggest holding. Catalytic Wealth RIA LLC’s holdings in Amazon.com were worth $9,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Peregrine Asset Advisers Inc. grew its position in Amazon.com by 45.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 23,909 shares of the e-commerce giant’s stock valued at $4,455,000 after acquiring an additional 7,452 shares during the last quarter. Beam Wealth Advisors Inc. grew its holdings in shares of Amazon.com by 2.4% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 12,804 shares of the e-commerce giant’s stock valued at $2,386,000 after purchasing an additional 301 shares during the last quarter. Patten & Patten Inc. TN grew its holdings in shares of Amazon.com by 22.3% during the 3rd quarter. Patten & Patten Inc. TN now owns 37,838 shares of the e-commerce giant’s stock valued at $7,050,000 after purchasing an additional 6,902 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Amazon.com by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,754,538 shares of the e-commerce giant’s stock worth $513,253,000 after purchasing an additional 300,412 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in Amazon.com in the 3rd quarter valued at approximately $2,523,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.7 %

NASDAQ AMZN opened at $224.92 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $205.83 and a 200 day simple moving average of $191.38. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The firm 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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Truist Financial upped their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $243.00.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s 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 of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. 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.