Axim Planning & Wealth Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Axim Planning & Wealth lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,283 shares of the e-commerce giant’s stock after purchasing an additional 87 shares during the quarter. Amazon.com makes up about 0.3% of Axim Planning & Wealth’s portfolio, making the stock its 25th largest position. Axim Planning & Wealth’s holdings in Amazon.com were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Amazon.com by 4.4% during the 3rd quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 798,739 shares of the e-commerce giant’s stock valued at $148,829,000 after acquiring an additional 33,730 shares during the period. Schrum Private Wealth Management LLC boosted its position in Amazon.com by 47.8% during the third quarter. Schrum Private Wealth Management LLC now owns 2,154 shares of the e-commerce giant’s stock worth $401,000 after purchasing an additional 697 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its holdings in Amazon.com by 6.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 154,797 shares of the e-commerce giant’s stock valued at $28,843,000 after purchasing an additional 8,787 shares during the period. Parthenon LLC increased its position in shares of Amazon.com by 41.7% in the third quarter. Parthenon LLC now owns 1,970 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 580 shares in the last quarter. Finally, Credit Capital Investments LLC raised its stake in shares of Amazon.com by 10.8% during the 3rd quarter. Credit Capital Investments LLC now owns 20,500 shares of the e-commerce giant’s stock worth $3,820,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $229.05 on Wednesday. The firm has a market cap of $2.41 trillion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average is $206.58 and its 200-day moving average is $191.74. Amazon.com, Inc. has a 52-week low of $144.05 and a 52-week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. 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 prior year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Maxim Group increased their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

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.