Proactive Wealth Strategies LLC Buys New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Proactive Wealth Strategies LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,036 shares of the e-commerce giant's stock, valued at approximately $2,802,000. Amazon.com comprises approximately 1.6% of Proactive Wealth Strategies LLC's investment portfolio, making the stock its 18th largest position.

A number of other hedge funds have also modified their holdings of the business. PayPay Securities Corp lifted its stake in 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 purchased a new stake in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of 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 in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.38 during trading hours on Monday, hitting $226.30. The company's stock had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. 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 business has a fifty day moving average of $205.83 and a 200-day moving average of $191.38. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. Amazon.com's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Mizuho increased 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 Tuesday, December 10th. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Wedbush increased their target price on Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.00.

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.