Market Street Wealth Management Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Market Street Wealth Management Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,647 shares of the e-commerce giant’s stock after buying an additional 323 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in Amazon.com were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Amazon.com by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,434,397 shares of the e-commerce giant’s stock valued at $1,701,777,000 after acquiring an additional 2,310,900 shares during the period. Ascent Wealth Partners LLC grew its position in shares of Amazon.com by 1.3% during the first quarter. Ascent Wealth Partners LLC now owns 42,910 shares of the e-commerce giant’s stock worth $7,740,000 after acquiring an additional 551 shares during the last quarter. Alta Wealth Advisors LLC grew its position in shares of Amazon.com by 0.7% during the first quarter. Alta Wealth Advisors LLC now owns 16,086 shares of the e-commerce giant’s stock worth $2,902,000 after acquiring an additional 107 shares during the last quarter. Finally, Summit Wealth Group LLC increased its holdings in shares of Amazon.com by 1.4% in the 1st quarter. Summit Wealth Group LLC now owns 5,517 shares of the e-commerce giant’s stock valued at $995,000 after acquiring an additional 78 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 22.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last quarter. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. JMP Securities increased their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Sanford C. Bernstein increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird increased their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Trading Down 4.2 %

Shares of Amazon.com stock opened at $202.61 on Friday. The business’s fifty day moving average is $190.54 and its two-hundred day moving average is $185.54. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The firm has a market cap of $2.13 trillion, a PE ratio of 43.39, a P/E/G ratio of 1.44 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 announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

About Amazon.com

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.