Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Rench Wealth Management Inc.

Rench Wealth Management Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,403 shares of the e-commerce giant’s stock after buying an additional 3,703 shares during the quarter. Amazon.com comprises approximately 3.2% of Rench Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Rench Wealth Management Inc.’s holdings in Amazon.com were worth $9,392,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Reynders McVeigh Capital Management LLC lifted its stake in Amazon.com by 1.6% during the third quarter. Reynders McVeigh Capital Management LLC now owns 166,577 shares of the e-commerce giant’s stock worth $31,038,000 after purchasing an additional 2,595 shares in the last quarter. Petrus Trust Company LTA lifted its stake in Amazon.com by 29.6% during the third quarter. Petrus Trust Company LTA now owns 295,937 shares of the e-commerce giant’s stock worth $55,142,000 after purchasing an additional 67,622 shares in the last quarter. Pingora Partners LLC lifted its stake in Amazon.com by 7.4% during the third quarter. Pingora Partners LLC now owns 7,265 shares of the e-commerce giant’s stock worth $1,354,000 after purchasing an additional 500 shares in the last quarter. Point72 Italy S.r.l. lifted its stake in Amazon.com by 304.9% during the third quarter. Point72 Italy S.r.l. now owns 50,222 shares of the e-commerce giant’s stock worth $9,358,000 after purchasing an additional 37,819 shares in the last quarter. Finally, Menard Financial Group LLC lifted its stake in Amazon.com by 3.2% during the third quarter. Menard Financial Group LLC now owns 28,741 shares of the e-commerce giant’s stock worth $5,355,000 after purchasing an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Loop Capital upped their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America increased their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark increased their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.67.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $218.94 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.30 trillion, a P/E ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. The company has a 50-day moving average price of $216.20 and a 200 day moving average price of $195.41.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.