Moran Wealth Management LLC Acquires 2,782 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Moran Wealth Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,225 shares of the e-commerce giant’s stock after buying an additional 2,782 shares during the quarter. Moran Wealth Management LLC’s holdings in Amazon.com were worth $3,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. ERn Financial LLC grew its position in Amazon.com by 2.2% in the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after acquiring an additional 413 shares in the last quarter. TriaGen Wealth Management LLC boosted its holdings in shares of Amazon.com by 10.7% in the 2nd quarter. TriaGen Wealth Management LLC now owns 14,938 shares of the e-commerce giant’s stock worth $2,887,000 after purchasing an additional 1,446 shares in the last quarter. Evolution Wealth Advisors LLC increased its position in shares of Amazon.com by 5.8% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 100,400 shares of the e-commerce giant’s stock valued at $19,438,000 after purchasing an additional 5,476 shares during the last quarter. Old Port Advisors raised its holdings in shares of Amazon.com by 5.0% during the 2nd quarter. Old Port Advisors now owns 7,855 shares of the e-commerce giant’s stock valued at $1,518,000 after buying an additional 371 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Amazon.com by 31.4% in the 2nd quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock worth $8,999,000 after buying an additional 11,929 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AMZN shares. Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities upped their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.00.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were 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 represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $219.39 on Thursday. The company has a 50 day simple moving average of $211.67 and a two-hundred day simple moving average of $193.59. 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 firm has a market cap of $2.31 trillion, a P/E ratio of 46.98, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

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.