San Luis Wealth Advisors LLC Purchases 4,041 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

San Luis Wealth Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,888 shares of the e-commerce giant’s stock after purchasing an additional 4,041 shares during the period. Amazon.com comprises about 1.8% of San Luis Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. San Luis Wealth Advisors LLC’s holdings in Amazon.com were worth $8,923,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com in the 3rd quarter valued at about $37,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com in the 2nd quarter valued at about $77,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,859 shares of company stock worth $10,215,097. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Friday, November 1st. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Stock Performance

Shares of AMZN stock opened at $210.05 on Friday. The company’s fifty 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. The firm has a market cap of $2.21 trillion, a PE ratio of 44.98, a P/E/G ratio of 1.34 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 5.16 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.