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

Accurate Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,027 shares of the e-commerce giant’s stock after buying an additional 1,037 shares during the period. Amazon.com makes up about 1.5% of Accurate Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Accurate Wealth Management LLC’s holdings in Amazon.com were worth $7,306,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. KMG Fiduciary Partners LLC raised its holdings in shares of Amazon.com by 1.6% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 173,853 shares of the e-commerce giant’s stock worth $32,394,000 after acquiring an additional 2,801 shares in the last quarter. Net Worth Advisory Group purchased a new position in shares of Amazon.com in the third quarter valued at $2,370,000. Precedent Wealth Partners LLC increased its position in Amazon.com by 2.6% in the third quarter. Precedent Wealth Partners LLC now owns 5,992 shares of the e-commerce giant’s stock worth $1,116,000 after purchasing an additional 154 shares during the last quarter. Stratos Investment Management LLC raised its stake in Amazon.com by 58.9% during the third quarter. Stratos Investment Management LLC now owns 87,959 shares of the e-commerce giant’s stock valued at $16,390,000 after purchasing an additional 32,604 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in Amazon.com by 5.4% during the third quarter. Stratos Wealth Advisors LLC now owns 139,673 shares of the e-commerce giant’s stock valued at $26,025,000 after purchasing an additional 7,206 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the transaction, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. This trade represents a 12.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.4 %

Shares of Amazon.com stock opened at $201.70 on Tuesday. 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 company has a market cap of $2.12 trillion, a P/E ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. The firm’s 50 day moving average price is $191.69 and its 200-day moving average price is $185.93. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird upped their price objective on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Benchmark lifted their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Roth Mkm increased their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.45.

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.