McKinley Carter Wealth Services Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

McKinley Carter Wealth Services Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,175 shares of the e-commerce giant’s stock after purchasing an additional 1,676 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Amazon.com were worth $8,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Life Insurance Co. grew its holdings in Amazon.com by 1.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 170,159 shares of the e-commerce giant’s stock worth $31,706,000 after acquiring an additional 2,155 shares in the last quarter. Sunpointe LLC lifted its stake in Amazon.com by 2.0% in the third quarter. Sunpointe LLC now owns 21,267 shares of the e-commerce giant’s stock valued at $3,963,000 after buying an additional 415 shares during the last quarter. Stage Harbor Financial LLC boosted its holdings in shares of Amazon.com by 2.9% during the third quarter. Stage Harbor Financial LLC now owns 3,564 shares of the e-commerce giant’s stock valued at $673,000 after acquiring an additional 102 shares during the period. Destiny Wealth Partners LLC grew its position in shares of Amazon.com by 2.5% during the third quarter. Destiny Wealth Partners LLC now owns 116,939 shares of the e-commerce giant’s stock worth $21,789,000 after acquiring an additional 2,848 shares during the last quarter. Finally, Stableford Capital II LLC boosted its stake in Amazon.com by 6.3% during the 3rd quarter. Stableford Capital II LLC now owns 50,130 shares of the e-commerce giant’s stock valued at $9,466,000 after purchasing an additional 2,962 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group increased their target price on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Price Performance

NASDAQ AMZN opened at $211.48 on Friday. The stock has a market capitalization of $2.22 trillion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a 50 day moving average price of $189.87 and a two-hundred day moving average price of $185.36. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.90.

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, topping the consensus estimate 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%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 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.