Commonwealth Retirement Investments LLC Buys 1,062 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Commonwealth Retirement Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,747 shares of the e-commerce giant’s stock after acquiring an additional 1,062 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Amazon.com were worth $1,071,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Alterna Wealth Management Inc. lifted its holdings in Amazon.com by 38.3% in the 2nd quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant’s stock worth $2,258,000 after buying an additional 3,238 shares during the period. Cardinal Point Capital Management ULC grew its stake in shares of Amazon.com by 25.9% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant’s stock worth $657,000 after buying an additional 699 shares during the last quarter. Compton Wealth Advisory Group LLC raised its position in shares of Amazon.com by 3.9% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant’s stock worth $5,968,000 after purchasing an additional 1,161 shares during the last quarter. Diversify Advisory Services LLC increased its position in shares of Amazon.com by 49.6% during the second quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant’s stock valued at $59,557,000 after acquiring an additional 99,084 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 1.5% during the second quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant’s stock valued at $2,502,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMZN shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Piper Sandler increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Benchmark raised their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities increased their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.7 %

NASDAQ AMZN opened at $224.92 on Monday. The stock’s 50 day simple moving average is $205.83 and its 200 day simple moving average is $191.38. The firm has a market cap of $2.37 trillion, a PE ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast 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.