Geneos Wealth Management Inc. Has $23.49 Million Position in Amazon.com, Inc. $AMZN

Geneos Wealth Management Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 106,965 shares of the e-commerce giant’s stock after selling 25,681 shares during the period. Geneos Wealth Management Inc.’s holdings in Amazon.com were worth $23,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter worth $48,000. Cooksen Wealth LLC grew its stake in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares in the last quarter. Finally, PayPay Securities Corp increased its stake in Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred 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 completion of the transaction, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. This trade represents 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 quarter, insiders have sold 79,734 shares of company stock valued at $18,534,017. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Mizuho lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group set a $300.00 price target on shares of Amazon.com in a research report on Friday, December 5th. Truist Financial set a $290.00 target price on Amazon.com in a report on Friday, October 31st. DA Davidson upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Loop Capital boosted their price target on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $295.96.

View Our Latest Analysis on Amazon.com

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Amazon.com Trading Up 0.4%

NASDAQ AMZN opened at $239.12 on Tuesday. The company has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.50 and a beta of 1.37. The stock’s 50-day simple moving average is $232.27 and its two-hundred day simple moving average is $228.78. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. 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 earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.

Further Reading

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

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