Cahill Financial Advisors Inc. Acquires 635 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cahill Financial Advisors Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,996 shares of the e-commerce giant’s stock after buying an additional 635 shares during the period. Cahill Financial Advisors Inc.’s holdings in Amazon.com were worth $2,422,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC raised its holdings in shares of Amazon.com by 5.5% in the second quarter. Western Wealth Management LLC now owns 135,582 shares of the e-commerce giant’s stock valued at $26,201,000 after purchasing an additional 7,034 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $292,000. MONECO Advisors LLC boosted its stake in shares of Amazon.com by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 56,522 shares of the e-commerce giant’s stock worth $10,923,000 after buying an additional 1,600 shares during the last quarter. ADE LLC grew its holdings in shares of Amazon.com by 5.3% in the second quarter. ADE LLC now owns 2,293 shares of the e-commerce giant’s stock valued at $443,000 after acquiring an additional 115 shares in the last quarter. Finally, Greenspring Advisors LLC increased its position in shares of Amazon.com by 25.4% during the second quarter. Greenspring Advisors LLC now owns 4,859 shares of the e-commerce giant’s stock valued at $939,000 after acquiring an additional 985 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $224.19 on Friday. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two 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 stock has a market cap of $2.36 trillion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm’s fifty day moving average price is $213.07 and its 200-day moving average price is $194.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. JMP Securities restated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Monday, December 16th. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 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-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.44.

Amazon.com Company 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.