M Holdings Securities Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% during the third quarter, HoldingsChannel.com reports. The fund owned 2,449 shares of the e-commerce giant’s stock after purchasing an additional 286 shares during the period. Amazon.com makes up approximately 1.3% of M Holdings Securities Inc.’s investment portfolio, making the stock its 11th biggest holding. M Holdings Securities Inc.’s holdings in Amazon.com were worth $4,905,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Spirit of America Management Corp NY acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $110,000. Taylor Hoffman Wealth Management raised its position in shares of Amazon.com by 192.3% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 50 shares during the period. New Potomac Partners LLC raised its position in shares of Amazon.com by 130.0% in the 2nd quarter. New Potomac Partners LLC now owns 115 shares of the e-commerce giant’s stock valued at $195,000 after acquiring an additional 65 shares during the period. Capital Investment Services of America Inc. acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $200,000. Finally, Chessman Wealth Strategies RIA acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 55.22% of the company’s stock.
In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the completion of the transaction, the director now directly owns 7,861 shares of the company’s stock, valued at $12,593,322. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the transaction, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders have sold a total of 5,075 shares of company stock valued at $8,180,428 over the last ninety days. Company insiders own 16.30% of the company’s stock.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same period last year, the business earned $2.16 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 26.72 EPS for the current fiscal year.
AMZN has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the company an “outperform” rating in a research report on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and issued a $2,000.00 price target on shares of Amazon.com in a research report on Thursday, January 31st. Benchmark lowered their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. Goldman Sachs Group lowered their target price on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a research note on Friday, January 4th. Finally, Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a research note on Monday, December 10th. Five equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $2,107.33.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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