Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Altus Wealth Group LLC

Altus Wealth Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,040 shares of the e-commerce giant’s stock after acquiring an additional 272 shares during the quarter. Amazon.com accounts for 1.0% of Altus Wealth Group LLC’s investment portfolio, making the stock its 22nd largest position. Altus Wealth Group LLC’s holdings in Amazon.com were worth $2,430,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp boosted its position in 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 buying an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its holdings 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 during the period. Koesten Hirschmann & Crabtree INC. acquired a new position in Amazon.com during the 1st quarter worth $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the 2nd quarter worth about $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Jefferies Financial Group increased 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. Robert W. Baird lifted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Scotiabank lifted their price target on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.2 %

Shares of AMZN stock opened at $201.45 on Tuesday. The business’s fifty day moving average price is $193.33 and its 200 day moving average price is $186.38. The firm has a market capitalization of $2.12 trillion, a PE ratio of 43.14, a P/E/G ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $142.81 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal 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.