Venturi Wealth Management LLC Acquires 10,158 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Venturi Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,147 shares of the e-commerce giant's stock after acquiring an additional 10,158 shares during the period. Venturi Wealth Management LLC's holdings in Amazon.com were worth $11,766,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Meridian Investment Counsel Inc. increased its position in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after buying an additional 55 shares during the period. O Connor Financial Group LLC boosted its stake in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the period. Cedar Point Capital Partners LLC raised its holdings in shares of Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after purchasing an additional 56 shares in the last quarter. Finally, Mason & Associates Inc increased its holdings in shares of Amazon.com by 0.4% in the second quarter. Mason & Associates Inc now owns 13,427 shares of the e-commerce giant's stock valued at $2,595,000 after buying an additional 57 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $1.63 during midday trading on Friday, reaching $224.92. The company had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. The stock has a fifty day simple moving average of $205.83 and a 200 day simple moving average of $191.38. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, November 1st. DA Davidson restated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Loop Capital upped their target price on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Redburn Atlantic lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $243.00.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents 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 sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by company insiders.

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.