SMART Wealth LLC Has $1.36 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

SMART Wealth LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,317 shares of the e-commerce giant’s stock after acquiring an additional 2,132 shares during the period. SMART Wealth LLC’s holdings in Amazon.com were worth $1,363,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. increased its holdings in shares of Amazon.com by 15.1% in the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after acquiring an additional 5,300 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Amazon.com by 7.0% in the 2nd quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock valued at $14,096,000 after purchasing an additional 4,749 shares during the period. Instrumental Wealth LLC increased its stake in Amazon.com by 1.3% during the 2nd quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock worth $907,000 after purchasing an additional 64 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Amazon.com by 5.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock worth $8,785,000 after buying an additional 2,332 shares during the period. Finally, Park Edge Advisors LLC lifted its stake in Amazon.com by 5.9% in the second quarter. Park Edge Advisors LLC now owns 11,410 shares of the e-commerce giant’s stock valued at $2,205,000 after buying an additional 640 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 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. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % 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 corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $225.94 on Friday. The firm has a 50-day moving average price of $217.56 and a two-hundred day moving average price of $196.10. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The company has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Truist Financial upped their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho boosted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.65.

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.