Amazon.com, Inc. (NASDAQ:AMZN) is Xcel Wealth Management LLC’s 2nd Largest Position

Xcel Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 126,927 shares of the e-commerce giant’s stock after purchasing an additional 10,184 shares during the period. Amazon.com makes up approximately 6.9% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Xcel Wealth Management LLC’s holdings in Amazon.com were worth $23,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. PayPay Securities Corp lifted its position in 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 acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter valued at about $37,000. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Sanford C. Bernstein upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities upped their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two 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’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Trading Down 0.6 %

Shares of Amazon.com stock opened at $197.12 on Monday. Amazon.com, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90. The firm has a market cap of $2.07 trillion, a PE ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The stock has a fifty day moving average price of $193.00 and a 200-day moving average price of $186.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is currently owned by insiders.

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.