Arkfeld Wealth Strategies L.L.C. Has $18.53 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Arkfeld Wealth Strategies L.L.C. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 99,334 shares of the e-commerce giant’s stock after selling 198 shares during the period. Amazon.com comprises 9.0% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 2nd largest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Amazon.com were worth $18,527,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in Amazon.com in the third quarter worth $37,000. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC bought a new position in shares of Amazon.com in the second quarter valued at $77,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred 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 completion of the sale, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were 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 of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMZN shares. Susquehanna increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group increased their price objective on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley increased their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Scotiabank raised 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 note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Trading Up 1.0 %

NASDAQ:AMZN opened at $208.91 on Wednesday. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company’s 50-day simple moving average is $188.40 and its 200 day simple moving average is $184.95. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14.

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