Amazon.com, Inc. $AMZN Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,646 shares of the e-commerce giant’s stock after buying an additional 18,037 shares during the period. Amazon.com accounts for approximately 0.7% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest position. Geneos Wealth Management Inc.’s holdings in Amazon.com were worth $29,101,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at about $27,000. Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $48,000. Cooksen Wealth LLC lifted its holdings in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $226.19 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $229.35 and a 200-day simple moving average of $224.87. The stock has a market cap of $2.42 trillion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. Daiwa Capital Markets boosted their target price on Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. HSBC boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Oppenheimer restated an “outperform” rating and set a $305.00 target price (up from $290.00) on shares of Amazon.com in a report on Monday, December 1st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $295.00 target price (up from $292.00) on shares of Amazon.com in a research report on Tuesday, December 2nd. Finally, Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.43.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director directly owned 7,170 shares in the company, valued at $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently 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.