Able Wealth Management LLC Has $337,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Able Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,807 shares of the e-commerce giant’s stock after selling 206 shares during the quarter. Able Wealth Management LLC’s holdings in Amazon.com were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Holistic Planning LLC boosted its holdings in shares of Amazon.com by 15.0% in the 3rd quarter. Holistic Planning LLC now owns 15,669 shares of the e-commerce giant’s stock valued at $2,920,000 after purchasing an additional 2,045 shares in the last quarter. Pragma Gestao DE Patrimonio Ltd. lifted its position in shares of Amazon.com by 69.8% during the 3rd quarter. Pragma Gestao DE Patrimonio Ltd. now owns 90,000 shares of the e-commerce giant’s stock worth $16,770,000 after buying an additional 37,000 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Amazon.com in the third quarter valued at about $48,079,000. Beckerman Institutional LLC bought a new position in Amazon.com in the third quarter valued at about $262,000. Finally, Leavell Investment Management Inc. lifted its holdings in shares of Amazon.com by 14.6% in the third quarter. Leavell Investment Management Inc. now owns 85,148 shares of the e-commerce giant’s stock worth $15,866,000 after acquiring an additional 10,855 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $231.15 on Wednesday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 1.54 and a beta of 1.16. The firm’s fifty day moving average price is $203.67 and its two-hundred day moving average price is $190.54.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMZN shares. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen boosted their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.67.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by insiders.

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.