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

OneAscent Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% in the third quarter, Holdings Channel reports. The firm owned 6,216 shares of the e-commerce giant’s stock after purchasing an additional 682 shares during the quarter. Amazon.com accounts for 0.4% of OneAscent Wealth Management LLC’s holdings, making the stock its 19th biggest holding. OneAscent Wealth Management LLC’s holdings in Amazon.com were worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the 3rd quarter worth about $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Monday, December 16th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Redburn Atlantic raised their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Trading Down 1.5 %

Amazon.com stock opened at $223.75 on Monday. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.35 trillion, a PE ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. The business’s 50-day simple moving average is $209.73 and its 200-day simple moving average is $192.89.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s 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 directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Company 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.