Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,939 shares of the e-commerce giant's stock after buying an additional 2,848 shares during the quarter. Amazon.com comprises about 3.8% of Destiny Wealth Partners LLC's holdings, making the stock its 4th largest position. Destiny Wealth Partners LLC's holdings in Amazon.com were worth $21,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the third quarter valued at about $37,000. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com during the 1st quarter worth about $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com during the 2nd quarter worth approximately $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 4.2 %

Amazon.com stock traded down $8.87 during trading hours on Friday, hitting $202.61. The company had a trading volume of 86,420,706 shares, compared to its average volume of 41,630,348. The company has a 50-day moving average price of $190.54 and a two-hundred day moving average price of $185.54. The firm has a market cap of $2.13 trillion, a P/E ratio of 43.93, a P/E/G ratio of 1.44 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates 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 was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMZN shares. Cantor Fitzgerald restated an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. UBS Group boosted their price target on Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $235.45.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $371,759,651.18. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Amazon.com 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.