Cahaba Wealth Management Inc. Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cahaba Wealth Management Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,219 shares of the e-commerce giant’s stock after purchasing an additional 532 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Amazon.com were worth $2,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in 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 during the period. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of 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 purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. UBS Group increased their target price on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Price Performance

AMZN opened at $204.61 on Wednesday. The firm has a 50-day moving average price of $192.19 and a 200-day moving average price of $186.06. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $141.50 and a twelve month high of $215.90. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock worth $1,249,093,896 over the last three months. Company insiders own 10.80% of the company’s stock.

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.