Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,494 shares of the e-commerce giant’s stock after purchasing an additional 5,071 shares during the period. Amazon.com comprises 1.7% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 17th biggest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Amazon.com were worth $18,126,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. boosted its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its position in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on AMZN shares. Wolfe Research increased their price target on shares of Amazon.com from $115.00 to $130.00 in a research report on Friday, February 3rd. Truist Financial reduced their price target on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. DA Davidson increased their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. UBS Group increased their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Finally, Moffett Nathanson initiated coverage on shares of Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.87.
Amazon.com Stock Up 2.7 %
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the prior year, the business earned $1.39 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock valued at $6,994,626 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
Featured Articles
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
- GitLab Crashes On Guidance; Analysts Defend
- Healthcare Stocks With at Least 30 Years of Dividend Increases
- Coinbase Pops As SVB Crumbles To Dust
- Airlines Update Guidance, Shares Head For Different Destinations
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.
