Perfromance Wealth Partners LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Perfromance Wealth Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,040,779 shares of the e-commerce giant's stock after purchasing an additional 11,318 shares during the quarter. Amazon.com makes up about 6.7% of Perfromance Wealth Partners LLC's holdings, making the stock its 4th biggest position. Perfromance Wealth Partners LLC's holdings in Amazon.com were worth $193,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Capital Research Global Investors increased its holdings in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Legal & General Group Plc increased its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. Bank of New York Mellon Corp grew its stake in Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after buying an additional 289,532 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after buying an additional 295,132 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.9 %

Shares of AMZN stock traded down $1.87 on Friday, reaching $208.18. 36,075,846 shares of the company's stock traded hands, compared to its average volume of 37,449,628. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.19 trillion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The business's 50 day moving average price is $187.83 and its two-hundred day moving average price is $184.62.

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 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 5.24 earnings per share for the current year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. Pivotal Research began coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a "buy" rating and a $260.00 price target for the company. Piper Sandler upped their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an "overweight" 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 company an "outperform" rating in a research note on Friday, November 1st. Loop Capital upped their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment 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. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $234.55.

About Amazon.com

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.