Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lifted by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the third quarter, Holdings Channel.com reports. The firm owned 5,992 shares of the e-commerce giant’s stock after acquiring an additional 154 shares during the period. Precedent Wealth Partners LLC’s holdings in Amazon.com were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. Stratos Investment Management LLC lifted its position in Amazon.com by 58.9% in the third quarter. Stratos Investment Management LLC now owns 87,959 shares of the e-commerce giant’s stock worth $16,390,000 after purchasing an additional 32,604 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of Amazon.com by 5.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 139,673 shares of the e-commerce giant’s stock worth $26,025,000 after buying an additional 7,206 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Amazon.com by 8.5% in the third quarter. Stratos Wealth Partners LTD. now owns 587,908 shares of the e-commerce giant’s stock valued at $109,545,000 after buying an additional 46,057 shares during the period. Pachira Investments Inc. boosted its stake in Amazon.com by 26.4% during the third quarter. Pachira Investments Inc. now owns 7,123 shares of the e-commerce giant’s stock valued at $1,327,000 after buying an additional 1,489 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in Amazon.com by 23.3% during the third quarter. Inspire Advisors LLC now owns 2,378 shares of the e-commerce giant’s stock worth $443,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on 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 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. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 0.4 %

Shares of NASDAQ:AMZN opened at $201.70 on Tuesday. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The firm has a fifty day moving average price of $191.69 and a 200 day moving average price of $185.93. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.12 trillion, a PE ratio of 43.19, a P/E/G ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. Piper Sandler lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price objective on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

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.