Wisconsin Capital Management LLC Acquires 250 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wisconsin Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 32,422 shares of the e-commerce giant’s stock after buying an additional 250 shares during the quarter. Amazon.com accounts for about 3.2% of Wisconsin Capital Management LLC’s portfolio, making the stock its 12th biggest position. Wisconsin Capital Management LLC’s holdings in Amazon.com were worth $6,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the period. Wulff Hansen & CO. grew its holdings in shares of Amazon.com by 20,517.4% in the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock worth $750,646,000 after acquiring an additional 3,865,485 shares during the period. National Pension Service increased its position in Amazon.com by 15.9% during the third quarter. National Pension Service now owns 16,920,526 shares of the e-commerce giant’s stock valued at $3,152,802,000 after acquiring an additional 2,321,786 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in Amazon.com by 6,590.8% in the second quarter. Granite Bay Wealth Management LLC now owns 2,353,894 shares of the e-commerce giant’s stock valued at $432,394,000 after acquiring an additional 2,318,713 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com 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 transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. 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. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Royal Bank of Canada upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $227.46 on Friday. The business’s 50 day moving average price is $201.65 and its 200-day moving average price is $189.72. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $231.20. The company has a market cap of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share 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.