Pacific Wealth Strategies Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,201 shares of the e-commerce giant’s stock after buying an additional 4,848 shares during the quarter. Amazon.com comprises 4.4% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 9th largest position. Pacific Wealth Strategies Group Inc.’s holdings in Amazon.com were worth $6,000,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Aspen Wealth Strategies LLC grew its holdings in shares of Amazon.com by 0.9% during the third quarter. Aspen Wealth Strategies LLC now owns 6,960 shares of the e-commerce giant’s stock valued at $1,297,000 after purchasing an additional 62 shares during the last quarter. Oak Ridge Investments LLC grew its holdings in shares of Amazon.com by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 304,905 shares of the e-commerce giant’s stock valued at $56,813,000 after purchasing an additional 21,458 shares during the last quarter. United Asset Strategies Inc. grew its holdings in Amazon.com by 11.6% in the 3rd quarter. United Asset Strategies Inc. now owns 195,616 shares of the e-commerce giant’s stock worth $36,449,000 after buying an additional 20,260 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in Amazon.com by 10.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 8,064,621 shares of the e-commerce giant’s stock worth $1,502,681,000 after buying an additional 789,093 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in Amazon.com by 3.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,468 shares of the e-commerce giant’s stock valued at $833,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $227.03 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The firm has a 50 day moving average of $197.39 and a 200-day moving average of $188.12. Amazon.com, Inc. has a 1 year low of $143.64 and a 1 year high of $227.15.
Insider Activity at Amazon.com
In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on 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 directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,030,183 shares of company stock valued at $1,252,883,795 over the last quarter. Corporate insiders own 10.80% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on AMZN. JPMorgan Chase & Co. increased their price target on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, TD Cowen upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $236.20.
Get Our Latest Stock Report on AMZN
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.
See Also
- Five stocks we like better than Amazon.com
- What is a Death Cross in Stocks?
- Fast-Growing Companies That Are Still Undervalued
- Industrial Products Stocks Investing
- Top Cybersecurity Stock Picks for 2025
- Using the MarketBeat Stock Split Calculator
- Archer or Joby: Which Aviation Company Might Rise Fastest?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.