Schneider Downs Wealth Management Advisors LP Acquires 2,026 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Schneider Downs Wealth Management Advisors LP raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,027 shares of the e-commerce giant’s stock after buying an additional 2,026 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Amazon.com were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. River Street Advisors LLC raised its holdings in Amazon.com by 2.9% in the 3rd quarter. River Street Advisors LLC now owns 11,451 shares of the e-commerce giant’s stock worth $2,134,000 after acquiring an additional 324 shares during the period. Turtle Creek Wealth Advisors LLC boosted its holdings in Amazon.com by 5.3% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 24,620 shares of the e-commerce giant’s stock valued at $4,587,000 after acquiring an additional 1,247 shares during the period. Evergreen Wealth Management LLC grew its position in shares of Amazon.com by 3.0% in the third quarter. Evergreen Wealth Management LLC now owns 35,139 shares of the e-commerce giant’s stock valued at $6,547,000 after purchasing an additional 1,033 shares during the last quarter. Comgest Global Investors S.A.S. increased its stake in shares of Amazon.com by 6.4% in the third quarter. Comgest Global Investors S.A.S. now owns 1,176,406 shares of the e-commerce giant’s stock worth $219,200,000 after purchasing an additional 70,274 shares during the period. Finally, LJI Wealth Management LLC lifted its position in shares of Amazon.com by 16.0% during the 3rd quarter. LJI Wealth Management LLC now owns 13,993 shares of the e-commerce giant’s stock worth $2,607,000 after purchasing an additional 1,930 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 report on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % 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, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.5 %

Shares of Amazon.com stock opened at $223.75 on Friday. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG 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. The firm’s 50-day moving average price is $209.73 and its two-hundred day moving average price is $192.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.