Traveka Wealth LLC Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Traveka Wealth LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the third quarter, Holdings Channel reports. The firm owned 13,558 shares of the e-commerce giant’s stock after buying an additional 584 shares during the quarter. Amazon.com accounts for 1.3% of Traveka Wealth LLC’s investment portfolio, making the stock its 21st biggest holding. Traveka Wealth LLC’s holdings in Amazon.com were worth $2,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com in the first quarter valued at about $69,000. Innealta Capital LLC purchased a new stake in Amazon.com during the second quarter worth about $77,000. Finally, Abich Financial Wealth Management LLC grew its position in Amazon.com by 84.7% during the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Roth Mkm boosted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.48.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of Amazon.com stock opened at $195.78 on Tuesday. Amazon.com, Inc. has a 12-month low of $138.36 and a 12-month high of $201.20. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a 50-day simple moving average of $185.23 and a 200 day simple moving average of $183.89. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Research analysts expect that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.