Amazon.com, Inc. $AMZN is Stratos Wealth Partners LTD.’s 7th Largest Position

Stratos Wealth Partners LTD. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 620,920 shares of the e-commerce giant’s stock after purchasing an additional 25,851 shares during the quarter. Amazon.com accounts for 1.6% of Stratos Wealth Partners LTD.’s investment portfolio, making the stock its 7th biggest holding. Stratos Wealth Partners LTD.’s holdings in Amazon.com were worth $136,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com during the 3rd quarter valued at $27,000. Cooksen Wealth LLC raised its holdings in shares of Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares in the last quarter. PayPay Securities Corp boosted its position in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares during the last quarter. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $74,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $24,662,702. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is owned by company insiders.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Amazon.com Trading Up 3.9%

Shares of Amazon.com stock opened at $216.82 on Thursday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The firm has a market capitalization of $2.33 trillion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The company’s fifty day moving average price is $225.48 and its two-hundred day moving average price is $227.39.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The business had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on AMZN shares. Citigroup reduced their target price on shares of Amazon.com from $320.00 to $265.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Evercore lowered their price objective on Amazon.com from $335.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Argus reiterated a “buy” rating and set a $325.00 price target on shares of Amazon.com in a report on Friday, February 6th. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Wedbush dropped their target price on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $287.29.

View Our Latest Report on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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