True Wealth Design LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

True Wealth Design LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,696 shares of the e-commerce giant’s stock after purchasing an additional 252 shares during the quarter. Amazon.com comprises about 0.1% of True Wealth Design LLC’s investment portfolio, making the stock its 22nd biggest holding. True Wealth Design LLC’s holdings in Amazon.com were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AMZN. Semus Wealth Partners LLC raised its position in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the last quarter. O Connor Financial Group LLC boosted its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after buying an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC raised its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of NASDAQ:AMZN opened at $222.13 on Friday. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business’s 50 day moving average price is $215.78 and its 200-day moving average price is $195.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $148.21 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for 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 company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMZN shares. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Piper Sandler boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.67.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction 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 owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com 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 sale, the insider now directly owns 917,416,976 shares in the company, 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. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.