JGP Wealth Management LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

JGP Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,613 shares of the e-commerce giant’s stock after purchasing an additional 977 shares during the period. JGP Wealth Management LLC’s holdings in Amazon.com were worth $4,213,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Exchange Capital Management Inc. lifted its holdings in Amazon.com by 2.3% during the first quarter. Exchange Capital Management Inc. now owns 108,620 shares of the e-commerce giant’s stock worth $19,593,000 after buying an additional 2,482 shares during the period. Financial Strategies Group Inc. lifted its holdings in Amazon.com by 11.0% during the first quarter. Financial Strategies Group Inc. now owns 41,434 shares of the e-commerce giant’s stock worth $7,693,000 after buying an additional 4,097 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in Amazon.com by 0.4% during the first quarter. Woodmont Investment Counsel LLC now owns 15,572 shares of the e-commerce giant’s stock worth $2,809,000 after buying an additional 65 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Amazon.com by 1.6% during the first quarter. Capital Advisors Ltd. LLC now owns 11,840 shares of the e-commerce giant’s stock worth $2,136,000 after buying an additional 185 shares during the period. Finally, Dash Acquisitions Inc. lifted its holdings in Amazon.com by 3.3% during the first quarter. Dash Acquisitions Inc. now owns 144,524 shares of the e-commerce giant’s stock worth $26,199,000 after buying an additional 4,639 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.4 %

AMZN stock opened at $210.05 on Friday. The company’s 50-day simple moving average is $186.48 and its 200-day simple moving average is $184.23. 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, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The firm has a market cap of $2.21 trillion, a P/E ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (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 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMZN. Sanford C. Bernstein upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

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.