Greenup Street Wealth Management LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Greenup Street Wealth Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 49.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 33,686 shares of the e-commerce giant’s stock after acquiring an additional 11,216 shares during the period. Amazon.com comprises about 1.3% of Greenup Street Wealth Management LLC’s holdings, making the stock its 19th largest holding. Greenup Street Wealth Management LLC’s holdings in Amazon.com were worth $6,277,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. PayPay Securities Corp increased its stake 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 purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the second 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 in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter worth $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth about $77,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.2 %

Shares of AMZN stock opened at $202.61 on Friday. The stock has a fifty day simple moving average of $191.16 and a two-hundred day simple moving average of $185.69. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.90. The firm has a market capitalization of $2.13 trillion, a PE ratio of 43.39, a PEG ratio of 1.44 and a beta of 1.14. 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 released 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their position. 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 quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMZN shares. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wedbush raised their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Sanford C. Bernstein lifted 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. Finally, The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a 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 assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Company 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.