Keystone Financial Services Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Keystone Financial Services increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,596 shares of the e-commerce giant’s stock after purchasing an additional 298 shares during the period. Keystone Financial Services’ holdings in Amazon.com were worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Vestia Personal Wealth Advisors increased its holdings in shares of Amazon.com by 21.0% in the third quarter. Vestia Personal Wealth Advisors now owns 1,344 shares of the e-commerce giant’s stock valued at $250,000 after purchasing an additional 233 shares during the period. Once Capital Management LLC grew its position in Amazon.com by 10.2% in the 3rd quarter. Once Capital Management LLC now owns 59,400 shares of the e-commerce giant’s stock valued at $11,068,000 after buying an additional 5,500 shares during the last quarter. Everhart Financial Group Inc. increased its stake in Amazon.com by 9.0% in the 3rd quarter. Everhart Financial Group Inc. now owns 46,807 shares of the e-commerce giant’s stock valued at $8,703,000 after buying an additional 3,866 shares during the period. Fountainhead AM LLC boosted its holdings in shares of Amazon.com by 15.2% in the third quarter. Fountainhead AM LLC now owns 14,467 shares of the e-commerce giant’s stock valued at $2,696,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Northwest Wealth Management LLC increased its stake in shares of Amazon.com by 26.6% during the third quarter. Northwest Wealth Management LLC now owns 25,435 shares of the e-commerce giant’s stock worth $4,739,000 after acquiring an additional 5,351 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred 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 $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.7 %

Shares of AMZN stock opened at $224.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm’s 50 day moving average price is $205.83 and its two-hundred day moving average price is $191.38. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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, 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 business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Tigress Financial raised their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday. Monness Crespi & Hardt upped their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

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.