CWS Financial Advisors LLC Acquires 275 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CWS Financial Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,155 shares of the e-commerce giant’s stock after purchasing an additional 275 shares during the quarter. Amazon.com accounts for approximately 0.5% of CWS Financial Advisors LLC’s holdings, making the stock its 28th biggest holding. CWS Financial Advisors LLC’s holdings in Amazon.com were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vicus Capital raised its position in shares of Amazon.com by 9.2% in the 2nd quarter. Vicus Capital now owns 25,313 shares of the e-commerce giant’s stock valued at $4,892,000 after acquiring an additional 2,137 shares during the period. Busey Bank grew its stake in shares of Amazon.com by 1.4% during the 2nd quarter. Busey Bank now owns 547,635 shares of the e-commerce giant’s stock worth $105,831,000 after acquiring an additional 7,824 shares in the last quarter. Iowa State Bank grew its stake in shares of Amazon.com by 4.0% during the 2nd quarter. Iowa State Bank now owns 48,957 shares of the e-commerce giant’s stock worth $9,461,000 after acquiring an additional 1,884 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in shares of Amazon.com by 1.7% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 131,669 shares of the e-commerce giant’s stock worth $25,445,000 after acquiring an additional 2,176 shares in the last quarter. Finally, First Bancorp Inc ME grew its stake in shares of Amazon.com by 5.5% during the 2nd quarter. First Bancorp Inc ME now owns 11,559 shares of the e-commerce giant’s stock worth $2,234,000 after acquiring an additional 598 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Telsey Advisory Group raised their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target for the company. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Price Performance

Shares of AMZN opened at $222.13 on Thursday. Amazon.com, Inc. has a 52-week low of $148.21 and a 52-week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business’s 50 day moving average price is $215.07 and its two-hundred day moving average price is $194.92. The firm has a market cap of $2.34 trillion, a PE ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company 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.