Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,027 shares of the e-commerce giant’s stock after acquiring an additional 1,037 shares during the quarter. Amazon.com accounts for 1.5% of Accurate Wealth Management LLC’s holdings, making the stock its 10th biggest position. Accurate Wealth Management LLC’s holdings in Amazon.com were worth $7,306,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMZN. KMG Fiduciary Partners LLC boosted its holdings in Amazon.com by 1.6% in the third quarter. KMG Fiduciary Partners LLC now owns 173,853 shares of the e-commerce giant’s stock valued at $32,394,000 after purchasing an additional 2,801 shares during the last quarter. Net Worth Advisory Group acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $2,370,000. Precedent Wealth Partners LLC boosted its stake in shares of Amazon.com by 2.6% in the third quarter. Precedent Wealth Partners LLC now owns 5,992 shares of the e-commerce giant’s stock worth $1,116,000 after buying an additional 154 shares during the last quarter. Stratos Investment Management LLC grew its holdings in Amazon.com by 58.9% during the third quarter. Stratos Investment Management LLC now owns 87,959 shares of the e-commerce giant’s stock worth $16,390,000 after acquiring an additional 32,604 shares during the period. Finally, Stratos Wealth Advisors LLC raised its position in Amazon.com by 5.4% during the third quarter. Stratos Wealth Advisors LLC now owns 139,673 shares of the e-commerce giant’s stock valued at $26,025,000 after acquiring an additional 7,206 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Roth Mkm increased their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. UBS Group upped their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Rosenblatt Securities boosted their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $201.70 on Tuesday. The stock has a market capitalization of $2.12 trillion, a P/E ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The company has a 50 day moving average price of $191.69 and a 200 day moving average price of $185.93.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 in the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com 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.