Keystone Wealth Services LLC Buys 4,312 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Keystone Wealth Services LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,299 shares of the e-commerce giant's stock after buying an additional 4,312 shares during the period. Amazon.com comprises approximately 1.0% of Keystone Wealth Services LLC's holdings, making the stock its 20th largest holding. Keystone Wealth Services LLC's holdings in Amazon.com were worth $3,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. raised its position in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. SWP Financial LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $210,000. Geneva Partners LLC grew its stake in shares of Amazon.com by 24.1% during the 1st quarter. Geneva Partners LLC now owns 46,995 shares of the e-commerce giant's stock worth $8,477,000 after purchasing an additional 9,125 shares during the period. Concord Wealth Partners increased its holdings in Amazon.com by 27.6% in the first quarter. Concord Wealth Partners now owns 40,114 shares of the e-commerce giant's stock valued at $7,236,000 after buying an additional 8,687 shares in the last quarter. Finally, Summit Place Financial Advisors LLC raised its holdings in Amazon.com by 2.9% during the first quarter. Summit Place Financial Advisors LLC now owns 16,472 shares of the e-commerce giant's stock worth $2,971,000 after purchasing an additional 465 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. JMP Securities increased their price target on Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a report on Friday, November 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price target (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.45.

Amazon.com Trading Down 1.2 %

AMZN stock traded down $2.62 during midday trading on Thursday, reaching $211.48. The company's stock had a trading volume of 42,554,968 shares, compared to its average volume of 41,427,273. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.22 trillion, a PE ratio of 45.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The business's 50-day simple moving average is $189.87 and its 200-day simple moving average is $185.36.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.