Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,550 shares of the e-commerce giant’s stock after buying an additional 132 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Amazon.com were worth $2,711,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its position in Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Amazon.com by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,434,397 shares of the e-commerce giant’s stock worth $1,701,777,000 after acquiring an additional 2,310,900 shares in the last quarter. Ascent Wealth Partners LLC grew its position in shares of Amazon.com by 1.3% during the 1st quarter. Ascent Wealth Partners LLC now owns 42,910 shares of the e-commerce giant’s stock valued at $7,740,000 after acquiring an additional 551 shares during the period. Alta Wealth Advisors LLC increased its stake in shares of Amazon.com by 0.7% in the 1st quarter. Alta Wealth Advisors LLC now owns 16,086 shares of the e-commerce giant’s stock valued at $2,902,000 after purchasing an additional 107 shares in the last quarter. Finally, Summit Wealth Group LLC raised its holdings in Amazon.com by 1.4% in the 1st quarter. Summit Wealth Group LLC now owns 5,517 shares of the e-commerce giant’s stock worth $995,000 after purchasing an additional 78 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Benchmark boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Roth Mkm increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Maxim Group boosted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares in the company, valued at $11,686,656.80. This represents a 12.81 % 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 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.2 %

AMZN stock opened at $202.61 on Friday. The company’s 50 day moving average price is $190.54 and its 200 day moving average price is $185.54. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 43.39, a PEG ratio of 1.44 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 $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.27 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.