Zhang Financial LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Zhang Financial LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,091 shares of the e-commerce giant's stock after purchasing an additional 5,828 shares during the period. Zhang Financial LLC's holdings in Amazon.com were worth $9,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Investment Advisory Group LLC increased its holdings in Amazon.com by 2.0% during the 1st quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant's stock worth $4,111,000 after acquiring an additional 439 shares during the period. Independent Family Office LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $209,000. M3 Advisory Group LLC boosted its holdings in Amazon.com by 31.2% in the 1st quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant's stock valued at $1,559,000 after purchasing an additional 2,058 shares during the period. Finally, Madison Wealth Partners Inc grew its position in shares of Amazon.com by 0.9% during the 1st quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant's stock valued at $3,186,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. Itau BBA Securities lowered Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Wells Fargo & Company cut shares of Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Scotiabank raised their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. Truist Financial boosted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.55.

Amazon.com Stock Up 2.5 %

AMZN stock traded up $5.19 during midday trading on Wednesday, hitting $214.10. The stock had a trading volume of 46,167,583 shares, compared to its average volume of 41,422,066. 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 market cap of $2.25 trillion, a price-to-earnings ratio of 45.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The business has a 50-day moving average of $189.05 and a two-hundred day moving average of $185.15. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $215.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. 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 firm earned $0.85 EPS. The company's revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company's stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction 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 directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by company insiders.

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.