VCI Wealth Management LLC Purchases 4,540 Shares of Amazon.com, Inc. $AMZN

VCI Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,745 shares of the e-commerce giant’s stock after buying an additional 4,540 shares during the period. Amazon.com accounts for approximately 2.6% of VCI Wealth Management LLC’s holdings, making the stock its 11th biggest position. VCI Wealth Management LLC’s holdings in Amazon.com were worth $8,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the 2nd quarter worth about $27,000. Maryland Capital Advisors Inc. lifted its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in shares of Amazon.com in the second quarter valued at approximately $48,000. Cooksen Wealth LLC grew its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the last quarter. Finally, Access Investment Management LLC bought a new position in Amazon.com during the second quarter worth $74,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, December 3rd. Wedbush reissued an “outperform” rating and set a $340.00 target price on shares of Amazon.com in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a report on Friday, December 12th. Evercore ISI raised their price objective on Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, JMP Securities set a $300.00 target price on Amazon.com in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $295.50.

View Our Latest Stock Analysis on AMZN

Amazon.com Trading Down 1.9%

Shares of Amazon.com stock opened at $226.50 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a 50-day simple moving average of $232.10 and a 200 day simple moving average of $226.68. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,734 shares of company stock worth $18,534,017 over the last 90 days. Company insiders own 9.70% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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

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