Thrive Wealth Management LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Thrive Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,480 shares of the e-commerce giant’s stock after purchasing an additional 852 shares during the quarter. Thrive Wealth Management LLC’s holdings in Amazon.com were worth $1,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Bridgefront Capital LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Amazon.com during the first quarter valued at $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com in the 1st quarter worth about $191,000. 57.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Tigress Financial dropped their price target on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Cowen lifted their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Atlantic Securities lowered their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Sanford C. Bernstein dropped their price target on Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Amazon.com from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.29.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the transaction, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 in the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $98.12 on Monday. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The firm’s fifty day simple moving average is $90.39 and its two-hundred day simple moving average is $110.74. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 90.06, a P/E/G ratio of 3.12 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share. Analysts forecast that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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