Watts Gwilliam & Co. LLC Purchases Shares of 33,142 Amazon.com, Inc. (NASDAQ:AMZN)

Watts Gwilliam & Co. LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, HoldingsChannel reports. The fund acquired 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 holding.

A number of other large investors also recently modified their holdings of the company. LifePro Asset Management raised its holdings in shares of Amazon.com by 74.3% during the 3rd quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock valued at $1,208,000 after buying an additional 2,765 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Amazon.com by 19.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant’s stock valued at $5,448,000 after buying an additional 4,721 shares in the last quarter. Keeler & Nadler Financial Planning & Wealth Management raised its holdings in shares of Amazon.com by 12.0% during the 3rd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock valued at $663,000 after buying an additional 381 shares in the last quarter. Capital Insight Partners LLC raised its holdings in shares of Amazon.com by 10.8% during the 3rd quarter. Capital Insight Partners LLC now owns 29,571 shares of the e-commerce giant’s stock valued at $5,510,000 after buying an additional 2,881 shares in the last quarter. Finally, Tobam purchased a new position in shares of Amazon.com during the 3rd quarter valued at about $337,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

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

Amazon.com Stock Up 1.4 %

AMZN stock opened at $210.05 on Friday. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25. The business has a fifty day moving average price of $186.48 and a 200-day moving average price of $184.23. 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 stock has a market capitalization of $2.21 trillion, a P/E ratio of 44.98, a P/E/G ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted 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 firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average 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.