Paladin Wealth LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Paladin Wealth LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,343 shares of the e-commerce giant's stock, valued at approximately $2,486,000. Amazon.com makes up 2.2% of Paladin Wealth LLC's holdings, making the stock its 9th largest holding.

Other institutional investors have also modified their holdings of the company. PayPay Securities Corp raised its holdings 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 valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $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 1st quarter valued at $69,000. Finally, Innealta Capital LLC acquired a new position in shares of Amazon.com during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares in the company, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was 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 owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. Insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.0 %

AMZN stock traded up $2.07 on Tuesday, reaching $208.91. 38,860,271 shares of the company traded hands, compared to its average volume of 41,399,859. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $188.40 and a 200-day simple moving average of $184.95. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $212.25. The company has a market cap of $2.20 trillion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company's quarterly revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMZN shares. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Telsey Advisory Group upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Benchmark increased their target price on Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 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 issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

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.