Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Increased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 20.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304 shares of the e-commerce giant’s stock after purchasing an additional 51 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Amazon.com were worth $999,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sphinx Trading LP acquired a new stake in shares of Amazon.com during the third quarter valued at approximately $30,000. Lion Street Advisors LLC acquired a new stake in shares of Amazon.com during the second quarter valued at approximately $52,000. True Link Financial Advisors LLC acquired a new stake in shares of Amazon.com during the second quarter valued at approximately $72,000. Laurel Wealth Planning LLC raised its holdings in shares of Amazon.com by 57.1% during the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares during the period. Finally, Newfound Research LLC raised its holdings in shares of Amazon.com by 62.5% during the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 57.48% of the company’s stock.

Shares of AMZN stock opened at $3,580.41 on Thursday. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 70.04, a P/E/G ratio of 3.84 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 1.12. The firm has a fifty day moving average of $3,409.89 and a 200-day moving average of $3,403.96.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The business had revenue of $110.81 billion during the quarter, compared to analyst estimates of $111.66 billion. During the same quarter in the prior year, the company posted $12.37 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 41.78 earnings per share for the current year.

AMZN has been the topic of a number of research analyst reports. Tigress Financial boosted their price objective on shares of Amazon.com from $4,370.00 to $4,460.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. Susquehanna Bancshares lowered their price objective on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating on the stock in a research report on Friday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $4,100.00 to $4,350.00 and gave the company an “overweight” rating in a research report on Friday, October 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $4,100.00 price objective on shares of Amazon.com in a research report on Sunday, October 31st. Finally, Raymond James lowered their price objective on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $4,144.44.

In other Amazon.com news, CEO Andrew R. Jassy sold 492 shares of the stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $3,676.00, for a total transaction of $1,808,592.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 139 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $3,564.72, for a total transaction of $495,496.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,498 shares of company stock worth $293,480,991. 14.00% of the stock is owned by insiders.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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