Arkadios Wealth Advisors Acquires 304 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arkadios Wealth Advisors grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,735 shares of the e-commerce giant’s stock after buying an additional 304 shares during the quarter. Amazon.com comprises 2.0% of Arkadios Wealth Advisors’ investment portfolio, making the stock its 3rd biggest holding. Arkadios Wealth Advisors’ holdings in Amazon.com were worth $15,436,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMZN. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $27,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at $33,000. Leverty Financial Group LLC acquired a new stake in Amazon.com in the 4th quarter worth about $36,000. MBM Wealth Consultants LLC grew its holdings in Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after buying an additional 4 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $39,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 173 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the transaction, the vice president now directly owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,803 shares of company stock valued at $10,528,337. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AMZN shares. MKM Partners lowered their target price on shares of Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Morgan Stanley cut their target price on Amazon.com from $210.00 to $190.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $155.00 to $175.00 and gave the company a “maintains” rating in a research report on Friday, July 29th. Monness Crespi & Hardt cut their price objective on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, April 29th. Finally, Evercore ISI decreased their target price on Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, June 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.45.

Amazon.com Price Performance

Shares of AMZN opened at $134.16 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The company has a market cap of $1.36 trillion, a P/E ratio of 120.27, a PEG ratio of 5.15 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $101.26 and a 12 month high of $188.11. The stock has a fifty day moving average price of $115.29 and a 200 day moving average price of $134.71.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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

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