Oxinas Partners Wealth Management LLC Raises Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Oxinas Partners Wealth Management LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,749 shares of the e-commerce giant's stock after purchasing an additional 4,515 shares during the period. Amazon.com comprises 3.3% of Oxinas Partners Wealth Management LLC's holdings, making the stock its 5th largest holding. Oxinas Partners Wealth Management LLC's holdings in Amazon.com were worth $5,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Astoria Strategic Wealth Inc. bought a new stake in Amazon.com during the third quarter worth about $222,000. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Amazon.com by 6.9% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 14,280 shares of the e-commerce giant's stock worth $2,644,000 after acquiring an additional 922 shares during the period. Luts & Greenleigh Group Inc. boosted its position in shares of Amazon.com by 9.7% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 9,193 shares of the e-commerce giant's stock worth $1,713,000 after acquiring an additional 816 shares in the last quarter. Investment Advisory Group LLC increased its stake in Amazon.com by 0.5% in the third quarter. Investment Advisory Group LLC now owns 23,123 shares of the e-commerce giant's stock valued at $4,309,000 after acquiring an additional 113 shares during the last quarter. Finally, Dover Advisors LLC raised its position in Amazon.com by 6.9% during the third quarter. Dover Advisors LLC now owns 24,761 shares of the e-commerce giant's stock valued at $4,614,000 after purchasing an additional 1,606 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value 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. This represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $2.62 during trading on Thursday, hitting $211.48. The company's stock had a trading volume of 42,554,968 shares, compared to its average volume of 41,427,273. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.22 trillion, a PE ratio of 45.53, a P/E/G ratio of 1.40 and a beta of 1.14. The business has a fifty day moving average of $189.87 and a 200-day moving average of $185.36. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective for the company. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. UBS Group increased their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $235.45.

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.