Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,807 shares of the e-commerce giant’s stock after purchasing an additional 3,866 shares during the period. Amazon.com accounts for 1.9% of Everhart Financial Group Inc.’s portfolio, making the stock its 9th biggest position. Everhart Financial Group Inc.’s holdings in Amazon.com were worth $8,703,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PayPay Securities Corp boosted its stake 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 period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter valued at approximately $45,000. Christopher J. Hasenberg Inc grew its stake in 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 buying an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter worth $56,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.7 %

AMZN stock opened at $224.92 on Friday. The company has a 50 day moving average of $205.83 and a two-hundred day moving average of $191.38. 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 12-month low of $144.05 and a 12-month high of $233.00. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $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 quarter, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Mizuho boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen raised their price target on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

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.