Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 262,687 shares of the e-commerce giant's stock after purchasing an additional 7,203 shares during the period. Amazon.com comprises approximately 1.2% of Axxcess Wealth Management LLC's holdings, making the stock its 16th biggest position. Axxcess Wealth Management LLC's holdings in Amazon.com were worth $48,946,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alan B Lancz & Associates Inc. grew its stake in shares of Amazon.com by 1.9% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 10,594 shares of the e-commerce giant's stock valued at $1,974,000 after acquiring an additional 200 shares during the period. Eagle Bluffs Wealth Management LLC lifted its holdings in Amazon.com by 1.0% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 9,082 shares of the e-commerce giant's stock valued at $1,692,000 after purchasing an additional 94 shares in the last quarter. FMB Wealth Management boosted its position in shares of Amazon.com by 7.2% in the third quarter. FMB Wealth Management now owns 4,109 shares of the e-commerce giant's stock worth $766,000 after purchasing an additional 277 shares during the period. Arrow Financial Corp increased its stake in shares of Amazon.com by 0.8% in the third quarter. Arrow Financial Corp now owns 68,447 shares of the e-commerce giant's stock worth $12,754,000 after purchasing an additional 527 shares in the last quarter. Finally, Costello Asset Management INC raised its position in shares of Amazon.com by 8.8% during the 3rd quarter. Costello Asset Management INC now owns 38,080 shares of the e-commerce giant's stock valued at $7,095,000 after purchasing an additional 3,080 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Telsey Advisory Group upped their price target on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $243.00.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 0.7 %

Shares of NASDAQ:AMZN traded up $1.63 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 firm has a market capitalization of $2.37 trillion, a PE ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The firm's 50 day simple moving average is $205.83 and its 200-day simple moving average is $191.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 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 quarter in the previous year, the firm earned $0.85 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.