Amazon.com, Inc. $AMZN Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 132,646 shares of the e-commerce giant’s stock after acquiring an additional 18,037 shares during the period. Amazon.com accounts for 0.7% of Geneos Wealth Management Inc.’s portfolio, making the stock its 22nd biggest position. Geneos Wealth Management Inc.’s holdings in Amazon.com were worth $29,101,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Amazon.com during the second quarter worth about $11,102,000. ARK Investment Management LLC grew its stake in shares of Amazon.com by 8.3% in the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after buying an additional 86,978 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in shares of Amazon.com by 16.1% during the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after buying an additional 3,948 shares during the period. Flaharty Asset Management LLC lifted its position in Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.19 on Friday. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company’s 50-day simple moving average is $229.35 and its 200-day simple moving average is $224.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. Roth Capital boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Maxim Group upped their price objective on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Morgan Stanley restated an “overweight” rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $295.43.

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.