Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 387.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,059 shares of the e-commerce giant’s stock after purchasing an additional 19,126 shares during the period. Amazon.com accounts for about 0.8% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Sugarloaf Wealth Management LLC’s holdings in Amazon.com were worth $4,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMZN. Park Place Capital Corp grew its holdings in Amazon.com by 3.7% in the 3rd quarter. Park Place Capital Corp now owns 21,966 shares of the e-commerce giant’s stock valued at $4,093,000 after buying an additional 776 shares during the last quarter. Atomi Financial Group Inc. raised its position in Amazon.com by 33.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 97,257 shares of the e-commerce giant’s stock valued at $18,122,000 after purchasing an additional 24,316 shares during the last quarter. Traveka Wealth LLC raised its position in Amazon.com by 4.5% in the 3rd quarter. Traveka Wealth LLC now owns 13,558 shares of the e-commerce giant’s stock valued at $2,526,000 after purchasing an additional 584 shares during the last quarter. Lbmc Investment Advisors LLC raised its position in shares of Amazon.com by 1.0% during the third quarter. Lbmc Investment Advisors LLC now owns 33,290 shares of the e-commerce giant’s stock worth $6,203,000 after acquiring an additional 323 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its position in shares of Amazon.com by 1.3% during the third quarter. Insight Wealth Strategies LLC now owns 27,546 shares of the e-commerce giant’s stock worth $5,133,000 after acquiring an additional 347 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.1 %

NASDAQ AMZN opened at $195.78 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1 year low of $138.36 and a 1 year high of $201.20. The business’s 50-day moving average is $185.23 and its 200 day moving average is $183.89. The stock has a market capitalization of $2.05 trillion, a PE ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14.

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, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Evercore ISI increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group raised their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $246.48.

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.