Catalytic Wealth RIA LLC Increases Stake in Amazon.com, Inc.

Catalytic Wealth RIA LLC has increased its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 11.3% during the third quarter, as reported in their latest 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 5,109 shares, the institutional investor now holds a total of 50,516 shares in the e-commerce leader. Amazon.com now represents approximately 1.6% of the Catalytic Wealth RIA LLC portfolio, making it the company's 10th largest investment. The total worth of their Amazon.com holdings amounted to about $9,413,000 at the end of the recent quarter.

Other Institutional Movements in Amazon.com Stock

Other institutional investors and hedge funds have also adjusted their positions in Amazon.com. Peregrine Asset Advisers Inc. increased its holdings in the company by 45.3%, bringing its total to 23,909 shares valued at $4,455,000 after acquiring an additional 7,452 shares. Meanwhile, Beam Wealth Advisors Inc. added 301 shares, raising their total to 12,804 shares valued at $2,386,000, which is a 2.4% increase. Patten & Patten Inc. also grew its stake by 22.3%, holding 37,838 shares valued at $7,050,000 after an additional purchase of 6,902 shares.

Diamond Hill Capital Management Inc. raised its Amazon.com holdings by 12.2%, now owning 2,754,538 shares worth $513,253,000 following the acquisition of 300,412 shares in the last quarter. Additionally, Kennebec Savings Bank made its debut investment in Amazon.com, valuing approximately $2,523,000. Collectively, institutional investors own 72.20% of Amazon.com stock.

A Look at Amazon.com Stock Performance

On Friday, shares of Amazon.com began trading at $224.92. The company has a current ratio of 1.09, a quick ratio of 0.87, and a debt-to-equity ratio of 0.21. Amazon.com has a fifty-day simple moving average of $205.83 and a 200-day simple moving average of $191.38. Over the past year, the stock reached a low of $144.05 and a high of $233.00. Currently, Amazon.com holds a market capitalization of $2.37 trillion, with a price-to-earnings (P/E) ratio of 48.16 and a beta of 1.16.

Latest Earnings Results

Amazon.com reported its quarterly earnings on October 31st, revealing earnings per share (EPS) of $1.43, surpassing analysts' expectations of $1.14 by $0.29. The company achieved a net margin of 8.04% and a return on equity of 22.41%. Its revenue for the quarter stood at $158.88 billion, exceeding forecasts of $157.28 billion. Compared to the same period last year, Amazon's revenue grew by 11.0%, and analysts project the company will post an EPS of 5.29 for the current fiscal year.

Analysts' Ratings and Price Targets

Amazon.com has attracted numerous research reports from analysts. Robert W. Baird set a new price target of $260.00 on Amazon.com shares, up from $220.00, and rated the stock as "outperform." Mizuho increased its price target from $240.00 to $260.00, also designating it as "outperform." Meanwhile, Truist Financial raised its price objective from $265.00 to $270.00 with a "buy" rating, and Stifel Nicolaus adjusted its target from $224.00 to $245.00, maintaining a "buy" rating. Needham & Company LLC reaffirmed a "buy" rating, giving a price target of $250.00. Overall, according to data from MarketBeat, Amazon.com has received an average rating of "Moderate Buy" with an average price target of $243.00.

Insider Transactions

In recent insider news, SVP David Zapolsky sold 2,190 shares on September 24th, at an average price of $195.00, totaling around $427,050. Following this sale, Zapolsky holds 62,420 shares valued at roughly $12,171,900. Additionally, insider Jeffrey P. Bezos sold 2,996,362 shares on November 8th at an average price of $208.85, equating to a transaction worth about $625,790,203.70. After these transactions, Bezos's ownership decreased, but he still retains 917,416,976 shares valued at around $191.6 billion. In total, insiders have sold over 6 million shares valued at approximately $1.25 billion in the last 90 days, with insiders owning 10.80% of the company's stock.

Amazon.com Overview

Amazon.com, Inc. is involved in the retail sale of consumer products and services, including advertising and subscriptions, through its online and physical stores in North America and worldwide. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon produces and sells various electronic devices, such as Kindle e-readers, Fire tablets, and Echo smart speakers, and develops media content.

investment, stocks, Amazon