Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,207 shares of the e-commerce giant’s stock after selling 400 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Amazon.com were worth $2,647,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMZN. PayPay Securities Corp grew its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake 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 period. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter valued at $69,000. Innealta Capital LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at $77,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Roth Mkm increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Scotiabank started coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.76.

Amazon.com Stock Down 3.3 %

Shares of AMZN stock opened at $186.40 on Friday. The stock has a market cap of $1.96 trillion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a fifty day moving average price of $184.40 and a 200 day moving average price of $183.65. Amazon.com, Inc. has a one year low of $131.71 and a one year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related 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 transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock worth $9,215,048 over the last quarter. Company insiders own 10.80% of the company’s stock.

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.