Catalytic Wealth RIA LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Catalytic Wealth RIA LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,516 shares of the e-commerce giant’s stock after buying an additional 5,109 shares during the period. Amazon.com accounts for 1.6% of Catalytic Wealth RIA LLC’s investment portfolio, making the stock its 10th biggest position. Catalytic Wealth RIA LLC’s holdings in Amazon.com were worth $9,413,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMZN. Peregrine Asset Advisers Inc. lifted its position in shares of Amazon.com by 45.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 23,909 shares of the e-commerce giant’s stock worth $4,455,000 after acquiring an additional 7,452 shares in the last quarter. Beam Wealth Advisors Inc. raised its stake in shares of Amazon.com by 2.4% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 12,804 shares of the e-commerce giant’s stock valued at $2,386,000 after purchasing an additional 301 shares during the period. Patten & Patten Inc. TN lifted its holdings in Amazon.com by 22.3% during the 3rd quarter. Patten & Patten Inc. TN now owns 37,838 shares of the e-commerce giant’s stock worth $7,050,000 after purchasing an additional 6,902 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Amazon.com by 12.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,754,538 shares of the e-commerce giant’s stock worth $513,253,000 after purchasing an additional 300,412 shares during the period. Finally, Kennebec Savings Bank purchased a new position in Amazon.com during the 3rd quarter valued at about $2,523,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.7 %

Shares of Amazon.com stock opened at $224.92 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a fifty day moving average price of $205.83 and a 200 day moving average price of $191.38. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) 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 net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter 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. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMZN shares. Wedbush increased their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Mkm increased their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Finally, Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $243.00.

Insider Activity at Amazon.com

In other news, 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 owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

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.