Insight Wealth Partners LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Insight Wealth Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,111 shares of the e-commerce giant’s stock after purchasing an additional 1,226 shares during the quarter. Amazon.com accounts for 0.4% of Insight Wealth Partners LLC’s holdings, making the stock its 28th largest holding. Insight Wealth Partners LLC’s holdings in Amazon.com were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Hardy Reed LLC raised its stake in Amazon.com by 0.7% in the third quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock valued at $5,922,000 after buying an additional 235 shares in the last quarter. Baldwin Investment Management LLC raised its stake in Amazon.com by 15.5% during the 3rd quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock worth $7,851,000 after acquiring an additional 5,650 shares in the last quarter. Carlson Capital Management lifted its position in Amazon.com by 2.0% in the third quarter. Carlson Capital Management now owns 9,468 shares of the e-commerce giant’s stock valued at $1,764,000 after acquiring an additional 190 shares during the last quarter. M.D. Sass LLC grew its stake in Amazon.com by 4.9% during the 3rd quarter. M.D. Sass LLC now owns 43,165 shares of the e-commerce giant’s stock worth $8,043,000 after buying an additional 2,000 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Amazon.com during the third quarter worth approximately $5,572,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Susquehanna lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Morgan Stanley increased their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Wedbush raised their target price on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.67.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction 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 transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 1.5 %

Shares of NASDAQ AMZN opened at $227.61 on Tuesday. 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 stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.74, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $146.15 and a 52-week high of $233.00. The stock’s 50 day moving average price is $213.85 and its two-hundred day moving average price is $194.50.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.