Latko Wealth Management Ltd. Invests $313,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Latko Wealth Management Ltd. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,680 shares of the e-commerce giant’s stock, valued at approximately $313,000. Amazon.com comprises 0.2% of Latko Wealth Management Ltd.’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Prosperitas Financial LLC increased its position in Amazon.com by 10.3% in the 3rd quarter. Prosperitas Financial LLC now owns 36,888 shares of the e-commerce giant’s stock valued at $6,873,000 after acquiring an additional 3,436 shares during the period. Cedar Point Capital Partners LLC increased its position in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock valued at $247,000 after acquiring an additional 56 shares during the period. Lodestone Wealth Management LLC increased its position in Amazon.com by 8.2% in the 3rd quarter. Lodestone Wealth Management LLC now owns 10,049 shares of the e-commerce giant’s stock valued at $1,872,000 after acquiring an additional 762 shares during the period. Glassy Mountain Advisors Inc. increased its position in Amazon.com by 4.1% in the 3rd quarter. Glassy Mountain Advisors Inc. now owns 47,548 shares of the e-commerce giant’s stock valued at $8,860,000 after acquiring an additional 1,863 shares during the period. Finally, Fort Pitt Capital Group LLC increased its position in Amazon.com by 35.5% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 472,304 shares of the e-commerce giant’s stock valued at $88,004,000 after acquiring an additional 123,823 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMZN shares. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Redburn Atlantic lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Trading Down 0.5 %

Shares of AMZN opened at $225.04 on Wednesday. The stock has a fifty day moving average of $198.19 and a two-hundred day moving average of $188.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.37 trillion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $143.64 and a fifty-two week high of $230.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company 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%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was 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 directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.