Zhang Financial LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Zhang Financial LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,091 shares of the e-commerce giant’s stock after acquiring an additional 5,828 shares during the quarter. Zhang Financial LLC’s holdings in Amazon.com were worth $9,520,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc lifted its stake 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 buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com in the 1st quarter worth about $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Roth Mkm raised their target price on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Wolfe Research started coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Price Performance

Shares of AMZN opened at $208.91 on Wednesday. The company has a market cap of $2.20 trillion, a P/E ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. 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’s 50 day moving average price is $188.40 and its 200 day moving average price is $184.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. 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 business’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 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 $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last quarter. 10.80% of the stock is owned by company insiders.

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.