Proactive Wealth Strategies LLC Acquires Shares of 15,036 Amazon.com, Inc. (NASDAQ:AMZN)

Proactive Wealth Strategies LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,036 shares of the e-commerce giant’s stock, valued at approximately $2,802,000. Amazon.com makes up approximately 1.6% of Proactive Wealth Strategies LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Crystal Rock Capital Management increased its holdings in Amazon.com by 0.7% in the third quarter. Crystal Rock Capital Management now owns 56,670 shares of the e-commerce giant’s stock worth $10,559,000 after buying an additional 415 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Amazon.com by 2.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 24,580,604 shares of the e-commerce giant’s stock valued at $4,580,104,000 after buying an additional 667,382 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Amazon.com by 21.0% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 572,027 shares of the e-commerce giant’s stock valued at $107,372,000 after purchasing an additional 99,156 shares during the last quarter. Apollon Financial LLC grew its position in Amazon.com by 0.6% during the third quarter. Apollon Financial LLC now owns 67,527 shares of the e-commerce giant’s stock worth $12,582,000 after buying an additional 414 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in Amazon.com by 44.2% in the third quarter. WealthPlan Investment Management LLC now owns 68,071 shares of the e-commerce giant’s stock worth $12,684,000 after purchasing an additional 20,881 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $224.92 on Monday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The firm has a 50 day moving average of $205.83 and a 200 day moving average of $191.38. The company has a market capitalization 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. 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 (NASDAQ:AMZN) last announced 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 firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Robert W. Baird raised their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now 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. Insiders have sold 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. Corporate 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.