Integrity Financial Corp WA Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Integrity Financial Corp WA increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 10,334 shares of the e-commerce giant’s stock after buying an additional 208 shares during the quarter. Amazon.com accounts for approximately 1.1% of Integrity Financial Corp WA’s portfolio, making the stock its 17th largest holding. Integrity Financial Corp WA’s holdings in Amazon.com were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Garrison Point Advisors LLC raised its stake in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares in the last quarter. O Connor Financial Group LLC raised its stake in shares of Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after acquiring an additional 55 shares in the last quarter. Finally, O Dell Group LLC raised its stake in shares of Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after acquiring an additional 57 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value 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 approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.12 on Friday. The stock has a market cap of $2.07 trillion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. The company’s fifty day moving average price is $193.00 and its 200-day moving average price is $186.32. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. JMP Securities lifted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. TD Cowen lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.77.

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.