Amazon.com, Inc. (NASDAQ:AMZN) is Miller Wealth Advisors LLC’s Largest Position

Miller Wealth Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,003 shares of the e-commerce giant’s stock after selling 6,574 shares during the period. Amazon.com comprises approximately 27.7% of Miller Wealth Advisors LLC’s holdings, making the stock its largest position. Miller Wealth Advisors LLC’s holdings in Amazon.com were worth $50,634,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Capital Market Strategies LLC lifted its holdings in shares of Amazon.com by 14.4% in the second quarter. Capital Market Strategies LLC now owns 9,150 shares of the e-commerce giant’s stock valued at $1,768,000 after purchasing an additional 1,149 shares in the last quarter. Neville Rodie & Shaw Inc. grew its holdings in shares of Amazon.com by 2.8% during the second quarter. Neville Rodie & Shaw Inc. now owns 102,610 shares of the e-commerce giant’s stock valued at $19,830,000 after buying an additional 2,840 shares in the last quarter. Transcend Capital Advisors LLC raised its position in Amazon.com by 3.2% during the second quarter. Transcend Capital Advisors LLC now owns 111,019 shares of the e-commerce giant’s stock valued at $21,454,000 after buying an additional 3,462 shares during the period. Park Place Capital Corp raised its position in Amazon.com by 6.7% during the second quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock valued at $4,095,000 after buying an additional 1,333 shares during the period. Finally, GAMMA Investing LLC boosted its position in Amazon.com by 50.1% during the 2nd quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock worth $19,320,000 after acquiring an additional 33,384 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $227.46 on Friday. The firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $231.20. The business has a fifty day simple moving average of $201.65 and a 200 day simple moving average of $189.72. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Maxim Group increased their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial increased their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Redburn Atlantic upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.87.

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.