Kolinsky Wealth Management LLC Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Kolinsky Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,158 shares of the e-commerce giant’s stock after acquiring an additional 585 shares during the period. Amazon.com accounts for about 2.8% of Kolinsky Wealth Management LLC’s portfolio, making the stock its 6th largest position. Kolinsky Wealth Management LLC’s holdings in Amazon.com were worth $4,315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Point72 Europe London LLP bought a new position in Amazon.com in the third quarter worth approximately $57,259,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Amazon.com by 37.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,849,322 shares of the e-commerce giant’s stock worth $1,089,904,000 after purchasing an additional 1,603,414 shares during the period. Circle Wealth Management LLC grew its position in Amazon.com by 1.4% in the 3rd quarter. Circle Wealth Management LLC now owns 287,562 shares of the e-commerce giant’s stock valued at $53,581,000 after purchasing an additional 3,908 shares during the period. Arete Wealth Advisors LLC acquired a new stake in Amazon.com in the 3rd quarter valued at $14,648,000. Finally, Auxier Asset Management increased its stake in Amazon.com by 3.4% during the 3rd quarter. Auxier Asset Management now owns 6,090 shares of the e-commerce giant’s stock valued at $1,135,000 after purchasing an additional 200 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were 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 of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Telsey Advisory Group upped their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Stock Up 0.0 %

AMZN stock opened at $222.13 on Friday. The stock has a 50-day simple moving average of $215.78 and a two-hundred day simple moving average of $195.11. Amazon.com, Inc. has a twelve month low of $148.21 and a twelve month high of $233.00. The firm has a market capitalization of $2.34 trillion, a PE ratio of 47.57, a PEG ratio of 1.54 and a beta of 1.14. 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 issued 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 company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

About Amazon.com

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.