Waldron Private Wealth LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Waldron Private Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 92,803 shares of the e-commerce giant’s stock after purchasing an additional 2,480 shares during the period. Amazon.com makes up approximately 0.7% of Waldron Private Wealth LLC’s investment portfolio, making the stock its 28th largest position. Waldron Private Wealth LLC’s holdings in Amazon.com were worth $17,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pegasus Asset Management Inc. lifted its position in Amazon.com by 1.2% in the third quarter. Pegasus Asset Management Inc. now owns 37,036 shares of the e-commerce giant’s stock valued at $6,901,000 after acquiring an additional 447 shares during the last quarter. Eastern Bank raised its holdings in Amazon.com by 124.8% during the third quarter. Eastern Bank now owns 747,392 shares of the e-commerce giant’s stock worth $139,262,000 after purchasing an additional 414,955 shares in the last quarter. Xcel Wealth Management LLC grew its position in Amazon.com by 8.7% during the third quarter. Xcel Wealth Management LLC now owns 126,927 shares of the e-commerce giant’s stock worth $23,650,000 after buying an additional 10,184 shares during the period. Sierra Capital LLC grew its position in Amazon.com by 19.4% during the third quarter. Sierra Capital LLC now owns 65,501 shares of the e-commerce giant’s stock worth $12,205,000 after buying an additional 10,640 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Amazon.com during the third quarter worth about $34,406,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the firm’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 transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Maxim Group raised their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark raised their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, Wedbush lifted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.77.

Amazon.com Trading Down 0.6 %

AMZN stock opened at $197.12 on Monday. The company’s 50-day simple moving average is $193.00 and its 200-day simple moving average is $186.29. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The firm has a market cap of $2.07 trillion, a P/E ratio of 42.21, a PEG ratio of 1.33 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities 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.