Horizon Wealth Management LLC Purchases 190 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Horizon Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,862 shares of the e-commerce giant’s stock after acquiring an additional 190 shares during the period. Amazon.com accounts for about 0.6% of Horizon Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Horizon Wealth Management LLC’s holdings in Amazon.com were worth $2,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp boosted its position in shares of 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 buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the 3rd quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring 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 $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMZN shares. Piper Sandler boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two research 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. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was 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 of the company’s stock, valued at $21,989,299.44. The trade was a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $202.61 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. 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 stock has a market cap of $2.13 trillion, a P/E ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. The business’s 50-day moving average price is $190.54 and its two-hundred day moving average price is $185.54.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

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.