Castle Wealth Management LLC Has $2.70 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Castle Wealth Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,475 shares of the e-commerce giant’s stock after buying an additional 2,092 shares during the quarter. Castle Wealth Management LLC’s holdings in Amazon.com were worth $2,697,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMZN. Stonehearth Capital Management LLC bought a new stake in Amazon.com during the second quarter worth about $205,000. HBW Advisory Services LLC grew its stake in Amazon.com by 7.0% during the second quarter. HBW Advisory Services LLC now owns 49,825 shares of the e-commerce giant’s stock worth $9,629,000 after buying an additional 3,274 shares during the last quarter. Stokes Family Office LLC grew its stake in Amazon.com by 3.5% during the second quarter. Stokes Family Office LLC now owns 35,231 shares of the e-commerce giant’s stock worth $6,808,000 after buying an additional 1,185 shares during the last quarter. Heritage Wealth Partners LLC grew its stake in Amazon.com by 16.0% during the second quarter. Heritage Wealth Partners LLC now owns 13,887 shares of the e-commerce giant’s stock worth $2,684,000 after buying an additional 1,916 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Amazon.com by 59.2% during the second quarter. Versant Capital Management Inc now owns 7,607 shares of the e-commerce giant’s stock valued at $1,470,000 after purchasing an additional 2,828 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMZN. UBS Group increased their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Rosenblatt Securities increased their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Loop Capital increased their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Sanford C. Bernstein increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $238.87.

Amazon.com Stock Down 0.7 %

Amazon.com stock opened at $227.46 on Monday. The company has a market cap of $2.39 trillion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $231.20. The company has a fifty day simple moving average of $201.65 and a 200 day simple moving average of $189.78. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

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.