Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Marion Wealth Management

Marion Wealth Management grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,085 shares of the e-commerce giant’s stock after buying an additional 174 shares during the period. Marion Wealth Management’s holdings in Amazon.com were worth $947,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $69,000. Innealta Capital LLC acquired a new position in Amazon.com during the 2nd quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC grew its stake in Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s 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 completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock worth $9,215,048 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $195.78 on Tuesday. The firm has a 50 day simple moving average of $185.23 and a 200 day simple moving average of $183.89. Amazon.com, Inc. has a 52 week low of $138.36 and a 52 week high of $201.20. The stock has a market cap of $2.05 trillion, a P/E ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Roth Mkm upped their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Susquehanna lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday. Morgan Stanley increased their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. Finally, TD Cowen lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $246.48.

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.