Greenup Street Wealth Management LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Greenup Street Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 49.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,686 shares of the e-commerce giant's stock after purchasing an additional 11,216 shares during the period. Amazon.com comprises 1.3% of Greenup Street Wealth Management LLC's holdings, making the stock its 19th biggest holding. Greenup Street Wealth Management LLC's holdings in Amazon.com were worth $6,277,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Buffington Mohr McNeal lifted its position in shares of Amazon.com by 4.0% during the third quarter. Buffington Mohr McNeal now owns 61,599 shares of the e-commerce giant's stock worth $11,478,000 after purchasing an additional 2,395 shares during the last quarter. LifeSteps Financial Inc. increased its stake in Amazon.com by 0.6% in the 3rd quarter. LifeSteps Financial Inc. now owns 9,789 shares of the e-commerce giant's stock worth $1,824,000 after buying an additional 60 shares during the period. Cumberland Advisors Inc. lifted its holdings in Amazon.com by 6.6% during the 3rd quarter. Cumberland Advisors Inc. now owns 9,680 shares of the e-commerce giant's stock valued at $1,804,000 after buying an additional 600 shares in the last quarter. Inlet Private Wealth LLC lifted its holdings in Amazon.com by 19.8% during the 3rd quarter. Inlet Private Wealth LLC now owns 7,849 shares of the e-commerce giant's stock valued at $1,463,000 after buying an additional 1,295 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in Amazon.com by 2.0% in the 3rd quarter. Global Retirement Partners LLC now owns 156,167 shares of the e-commerce giant's stock valued at $29,099,000 after buying an additional 3,078 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Wells Fargo & Company downgraded shares of Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Benchmark upped their target price on Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Bank of America raised their price target on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird upped their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $235.45.

Amazon.com Price Performance

Shares of AMZN traded down $8.87 during mid-day trading on Friday, hitting $202.61. 86,591,144 shares of the company were exchanged, compared to its average volume of 42,217,644. 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, Inc. has a 1-year low of $139.52 and a 1-year high of $215.90. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a 50 day moving average of $191.16 and a 200-day moving average of $185.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. 10.80% of the stock is currently 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.