Peterson Wealth Services Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Peterson Wealth Services raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,075.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,777 shares of the e-commerce giant’s stock after buying an additional 25,546 shares during the period. Amazon.com makes up about 2.0% of Peterson Wealth Services’ holdings, making the stock its 16th biggest holding. Peterson Wealth Services’ holdings in Amazon.com were worth $2,844,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Objective Capital Management LLC lifted its position in shares of Amazon.com by 1,861.9% during the second quarter. Objective Capital Management LLC now owns 14,871 shares of the e-commerce giant’s stock worth $1,580,000 after purchasing an additional 14,113 shares during the last quarter. Northstar Advisory Group LLC lifted its position in shares of Amazon.com by 2,009.6% during the second quarter. Northstar Advisory Group LLC now owns 7,025 shares of the e-commerce giant’s stock worth $746,000 after purchasing an additional 6,692 shares during the last quarter. IVC Wealth Advisors LLC lifted its position in shares of Amazon.com by 2,278.1% during the second quarter. IVC Wealth Advisors LLC now owns 3,805 shares of the e-commerce giant’s stock worth $404,000 after purchasing an additional 3,645 shares during the last quarter. Innova Wealth Partners lifted its position in shares of Amazon.com by 1,580.0% during the second quarter. Innova Wealth Partners now owns 2,100 shares of the e-commerce giant’s stock worth $223,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Leo Brokerage LLC lifted its position in shares of Amazon.com by 1,860.3% during the second quarter. Leo Brokerage LLC now owns 119,738 shares of the e-commerce giant’s stock worth $12,717,000 after purchasing an additional 113,630 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,480 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the transaction, the senior vice president now directly owns 60,260 shares of the company’s stock, valued at approximately $8,738,302.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,628 shares of company stock valued at $9,802,599. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.0 %

Shares of NASDAQ:AMZN opened at $117.31 on Friday. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 105.16, a PEG ratio of 5.45 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The company has a 50 day moving average price of $130.33 and a 200 day moving average price of $130.17.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Itaú Unibanco began coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. Wolfe Research increased their price target on shares of Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Credit Suisse Group dropped their price objective on shares of Amazon.com from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Tigress Financial reiterated a “buy” rating and set a $232.00 price objective on shares of Amazon.com in a research note on Wednesday, June 29th. Finally, StockNews.com upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.61.

About Amazon.com

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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.

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

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