Horst & Graben Wealth Management LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Horst & Graben Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 12.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,478 shares of the e-commerce giant’s stock after purchasing an additional 273 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Amazon.com were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Fiduciary Planning LLC grew its holdings in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $98.12 on Tuesday. The firm has a market cap of $1.00 trillion, a P/E ratio of 90.06, a P/E/G ratio of 3.09 and a beta of 1.22. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The stock’s fifty day moving average price is $90.54 and its 200-day moving average price is $110.68.

Amazon.com (NASDAQ:AMZNGet Rating) last posted 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). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter last year, the firm earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Credit Suisse Group cut their price objective on shares of Amazon.com from $159.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Bank of America cut their target price on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Oppenheimer dropped their price target on shares of Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Mizuho dropped their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Wells Fargo & Company dropped their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.29.

Insider Activity at Amazon.com

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

About Amazon.com

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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

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

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