2,220 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by FSA Wealth Management LLC

FSA Wealth Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,220 shares of the e-commerce giant’s stock, valued at approximately $414,000.

A number of other institutional investors also recently modified their holdings of AMZN. B&L Asset Management LLC acquired a new stake in Amazon.com in the third quarter worth about $1,654,000. Erste Asset Management GmbH bought a new position in shares of Amazon.com in the 3rd quarter valued at about $94,974,000. True Wealth Design LLC grew its position in shares of Amazon.com by 17.5% during the 3rd quarter. True Wealth Design LLC now owns 1,696 shares of the e-commerce giant’s stock worth $316,000 after buying an additional 252 shares during the period. Plotkin Financial Advisors LLC bought a new stake in shares of Amazon.com during the third quarter worth approximately $1,448,000. Finally, Timber Creek Capital Management LLC lifted its holdings in Amazon.com by 2.1% in the third quarter. Timber Creek Capital Management LLC now owns 68,914 shares of the e-commerce giant’s stock valued at $12,841,000 after buying an additional 1,388 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on 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 directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $222.13 on Friday. The company has a fifty day moving average price of $215.78 and a two-hundred day moving average price of $195.11. Amazon.com, Inc. has a one year low of $148.21 and a one year high of $233.00. The stock has a market cap of $2.34 trillion, a P/E ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. 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 posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on AMZN shares. Scotiabank upped their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Wedbush upped their price objective on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley raised their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Evercore ISI increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.67.

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.