Measured Wealth Private Client Group LLC Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Measured Wealth Private Client Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,379 shares of the e-commerce giant’s stock after buying an additional 237 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Amazon.com were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Bridgefront Capital LLC acquired a new position in Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC raised its holdings in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC acquired a new position in Amazon.com in the 1st quarter worth about $258,000. My Personal CFO LLC acquired a new position in Amazon.com in the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com in the 1st quarter worth about $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value 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. Over the last three months, insiders sold 52,428 shares of company stock worth $5,077,578. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $96.32 on Wednesday. The firm has a market cap of $982.62 billion, a PE ratio of 88.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. The stock has a fifty day moving average price of $90.65 and a 200 day moving average price of $109.96. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Atlantic Securities reduced their price target on Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Raymond James reduced their target price on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Royal Bank of Canada reduced their target price on Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Piper Sandler reduced their target price on Amazon.com from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Tuesday, November 22nd. Finally, Wedbush reduced their target price on Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

About Amazon.com

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.