Watts Gwilliam & Co. LLC Invests $6.06 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Watts Gwilliam & Co. LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,142 shares of the e-commerce giant's stock, valued at approximately $6,056,000. Amazon.com makes up approximately 1.3% of Watts Gwilliam & Co. LLC's investment portfolio, making the stock its 17th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $69,000. Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter valued at approximately $77,000. Finally, Abich Financial Wealth Management LLC grew its holdings in Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant's stock worth $84,000 after buying an additional 199 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Oppenheimer upped their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wells Fargo & Company downgraded Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. JPMorgan Chase & Co. upped their price target on Amazon.com from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $234.55.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company's stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was 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 owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares of the company's stock, valued at approximately $11,686,656.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Down 0.9 %

Shares of AMZN traded down $1.87 on Friday, reaching $208.18. The stock had a trading volume of 36,040,942 shares, compared to its average volume of 41,437,816. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. 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 50-day simple moving average of $187.83 and a 200-day simple moving average of $184.62. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 5.16 EPS for the current year.

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.