Udine Wealth Management Inc. Acquires Shares of 6,628 Amazon.com, Inc. (NASDAQ:AMZN)

Udine Wealth Management Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,628 shares of the e-commerce giant’s stock, valued at approximately $749,000.

Other hedge funds have also bought and sold shares of the company. Fiduciary Planning LLC lifted its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. lifted its position in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its position in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on AMZN shares. Erste Group Bank lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Mizuho decreased their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Cowen decreased their price objective on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. MKM Partners decreased their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Finally, Rosenblatt Securities decreased their price objective on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $145.87.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the transaction, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The disclosure for this sale can be found here. Insiders have sold a total of 52,428 shares of company stock worth $5,077,578 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 3.8 %

Shares of AMZN stock opened at $97.25 on Monday. The stock’s fifty day moving average is $90.72 and its two-hundred day moving average is $110.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The firm has a market capitalization of $992.11 billion, a P/E ratio of 89.26, a PEG ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data 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). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal 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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