Marietta Wealth Management LLC Has $13.06 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Marietta Wealth Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 70,113 shares of the e-commerce giant’s stock after buying an additional 2,051 shares during the quarter. Amazon.com comprises approximately 1.9% of Marietta Wealth Management LLC’s holdings, making the stock its 12th biggest position. Marietta Wealth Management LLC’s holdings in Amazon.com were worth $13,064,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Global X Japan Co. Ltd. lifted its holdings in shares of Amazon.com by 19.8% during the third quarter. Global X Japan Co. Ltd. now owns 170,004 shares of the e-commerce giant’s stock worth $31,677,000 after buying an additional 28,042 shares during the last quarter. Macroview Investment Management LLC raised its holdings in Amazon.com by 39.1% in the 3rd quarter. Macroview Investment Management LLC now owns 2,563 shares of the e-commerce giant’s stock valued at $478,000 after acquiring an additional 720 shares in the last quarter. Weaver Capital Management LLC lifted its position in shares of Amazon.com by 19.4% in the 3rd quarter. Weaver Capital Management LLC now owns 19,728 shares of the e-commerce giant’s stock worth $3,676,000 after acquiring an additional 3,203 shares during the period. Liberty Capital Management Inc. grew its holdings in shares of Amazon.com by 0.6% during the 3rd quarter. Liberty Capital Management Inc. now owns 63,166 shares of the e-commerce giant’s stock worth $11,770,000 after purchasing an additional 349 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its position in shares of Amazon.com by 0.5% during the 3rd quarter. Community Trust & Investment Co. now owns 335,309 shares of the e-commerce giant’s stock valued at $62,478,000 after acquiring an additional 1,773 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. TD Cowen upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush increased their price target on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $235.77.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction 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 sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $201.45 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.12 trillion, a P/E ratio of 43.14, a P/E/G ratio of 1.32 and a beta of 1.14. The company’s 50-day moving average price is $193.33 and its two-hundred day moving average price is $186.38. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Amazon.com Company 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.