Iams Wealth Management LLC Has $2.08 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Iams Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,179 shares of the e-commerce giant’s stock after purchasing an additional 1,973 shares during the period. Amazon.com comprises about 1.0% of Iams Wealth Management LLC’s holdings, making the stock its 25th largest holding. Iams Wealth Management LLC’s holdings in Amazon.com were worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. PayPay Securities Corp grew its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter valued at about $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter worth about $69,000. Finally, Innealta Capital LLC acquired a new position in shares of Amazon.com in the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush increased their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Pivotal Research assumed coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $208.91 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.20 trillion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $212.25. The business’s 50 day simple moving average is $188.40 and its 200 day simple moving average is $184.95.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.