Quaker Wealth Management LLC Buys 2,747 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Quaker Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,897 shares of the e-commerce giant’s stock after buying an additional 2,747 shares during the period. Amazon.com makes up about 0.8% of Quaker Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Quaker Wealth Management LLC’s holdings in Amazon.com were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savior LLC boosted its stake in shares of Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC boosted its stake in shares of Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 223 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of Amazon.com by 4,540.0% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 227 shares during the last quarter. Wells Financial Advisors INC boosted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after buying an additional 266 shares during the last quarter. Finally, Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 285 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Robert W. Baird lowered their target price on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Piper Sandler lowered their target price on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Raymond James lowered their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Citigroup lowered their target price on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Truist Financial lowered their price objective on Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 in the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $97.25 on Friday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The firm has a fifty day moving average of $90.72 and a 200-day moving average of $110.26. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a PEG ratio of 3.09 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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