7,402 Shares in Amazon.com, Inc. $AMZN Bought by KW Wealth Management LLC

KW Wealth Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 7,402 shares of the e-commerce giant’s stock, valued at approximately $1,625,000. Amazon.com accounts for 2.8% of KW Wealth Management LLC’s holdings, making the stock its 8th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $27,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth $48,000. Cooksen Wealth LLC raised its stake in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares during the last quarter. Finally, Access Investment Management LLC acquired a new position in Amazon.com in the second quarter valued at $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $240.95 on Wednesday. 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’s fifty day moving average price is $232.46 and its two-hundred day moving average price is $227.23. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The company has a market cap of $2.58 trillion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.46 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

Insider Activity

In other news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 79,734 shares of company stock worth $18,534,017. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMZN shares. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Monday. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $305.00 price objective on shares of Amazon.com in a research report on Friday, December 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $300.00 target price (up from $275.00) on shares of Amazon.com in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $296.21.

Get Our Latest Stock Report on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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