Code Waechter LLC Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Code Waechter LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,021 shares of the e-commerce giant's stock, valued at approximately $749,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. McNamara Financial Services Inc. increased its stake in Amazon.com by 28.9% during the 3rd quarter. McNamara Financial Services Inc. now owns 2,764 shares of the e-commerce giant's stock valued at $515,000 after purchasing an additional 620 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in Amazon.com by 4.6% during the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 6,761 shares of the e-commerce giant's stock worth $1,260,000 after acquiring an additional 300 shares during the period. Total Wealth Planning LLC increased its holdings in shares of Amazon.com by 33.2% in the third quarter. Total Wealth Planning LLC now owns 2,241 shares of the e-commerce giant's stock valued at $418,000 after purchasing an additional 559 shares during the period. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Amazon.com by 10.3% during the third quarter. Guinness Atkinson Asset Management Inc now owns 37,111 shares of the e-commerce giant's stock worth $6,915,000 after purchasing an additional 3,454 shares during the period. Finally, Silverlake Wealth Management LLC boosted its position in Amazon.com by 4.5% in the third quarter. Silverlake Wealth Management LLC now owns 7,477 shares of the e-commerce giant's stock valued at $1,393,000 after buying an additional 321 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. BMO Capital Markets restated an "outperform" rating and set a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. UBS Group upped their price target on shares of Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a report on Monday, October 28th. Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus upped their target price on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, JMP Securities lifted their price target on Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $234.55.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 in the last ninety days. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Down 0.9 %

NASDAQ AMZN traded down $1.87 on Friday, reaching $208.18. The stock had a trading volume of 36,075,846 shares, compared to its average volume of 37,449,628. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25. The stock has a fifty day moving average price of $187.83 and a two-hundred day moving average price of $184.66. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

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.