Etesian Wealth Advisors Inc. Has $4.03 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Etesian Wealth Advisors Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,643 shares of the e-commerce giant's stock after purchasing an additional 4,021 shares during the quarter. Amazon.com accounts for about 1.8% of Etesian Wealth Advisors Inc.'s holdings, making the stock its 12th biggest holding. Etesian Wealth Advisors Inc.'s holdings in Amazon.com were worth $4,033,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc increased its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new stake in Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN traded down $3.64 during trading on Wednesday, reaching $200.97. 17,730,260 shares of the company were exchanged, compared to its average volume of 41,455,887. The stock has a market cap of $2.11 trillion, a P/E ratio of 43.07, a PEG ratio of 1.36 and a beta of 1.14. The firm has a 50 day moving average of $192.19 and a 200 day moving average of $186.06. 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 $141.50 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Benchmark raised their price target on Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Itau BBA Securities cut shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target for the company. in a research note on Friday, August 2nd. Finally, Jefferies Financial Group increased their price objective on Amazon.com from $225.00 to $235.00 and gave the stock 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $235.77.

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.