Heritage Wealth Partners LLC Has $2.34 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Wealth Partners LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,566 shares of the e-commerce giant’s stock after selling 1,321 shares during the quarter. Amazon.com makes up approximately 2.8% of Heritage Wealth Partners LLC’s portfolio, making the stock its 14th largest holding. Heritage Wealth Partners LLC’s holdings in Amazon.com were worth $2,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Park Place Capital Corp increased its position in Amazon.com by 3.2% during the first quarter. Park Place Capital Corp now owns 19,857 shares of the e-commerce giant’s stock worth $3,582,000 after acquiring an additional 616 shares during the period. Consilio Wealth Advisors LLC increased its position in Amazon.com by 9.8% during the first quarter. Consilio Wealth Advisors LLC now owns 49,895 shares of the e-commerce giant’s stock worth $9,000,000 after acquiring an additional 4,462 shares during the period. WESPAC Advisors SoCal LLC increased its position in Amazon.com by 2.5% during the first quarter. WESPAC Advisors SoCal LLC now owns 93,564 shares of the e-commerce giant’s stock worth $16,877,000 after acquiring an additional 2,298 shares during the period. Steele Capital Management Inc. increased its position in Amazon.com by 1.2% during the first quarter. Steele Capital Management Inc. now owns 68,663 shares of the e-commerce giant’s stock worth $12,385,000 after acquiring an additional 835 shares during the period. Finally, Stordahl Capital Management Inc. increased its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $207.09 on Thursday. 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 stock has a market cap of $2.17 trillion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock has a 50-day moving average of $186.48 and a 200-day moving average of $184.23. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $207.55.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. 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 note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.55.

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.