Maltin Wealth Management Inc. Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Maltin Wealth Management Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,505 shares of the e-commerce giant’s stock after buying an additional 78 shares during the quarter. Maltin Wealth Management Inc.’s holdings in Amazon.com were worth $452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transatlantique Private Wealth LLC grew its holdings in shares of Amazon.com by 0.7% in the third quarter. Transatlantique Private Wealth LLC now owns 14,467 shares of the e-commerce giant’s stock worth $1,839,000 after purchasing an additional 106 shares during the last quarter. South Street Advisors LLC boosted its position in Amazon.com by 0.8% in the 3rd quarter. South Street Advisors LLC now owns 20,370 shares of the e-commerce giant’s stock valued at $2,589,000 after buying an additional 160 shares during the period. FMR LLC increased its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Allen Investment Management LLC raised its stake in shares of Amazon.com by 0.8% during the third quarter. Allen Investment Management LLC now owns 2,588,675 shares of the e-commerce giant’s stock valued at $329,072,000 after acquiring an additional 20,280 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of Amazon.com by 20.9% in the third quarter. Clearstead Advisors LLC now owns 119,042 shares of the e-commerce giant’s stock valued at $15,133,000 after purchasing an additional 20,613 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $200.00 on Wednesday. The company has a 50 day moving average price of $184.27 and a 200-day moving average price of $173.63. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $200.43. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 56.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,548 shares of company stock valued at $12,180,239. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Tigress Financial increased their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $215.86.

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.