Peterson Wealth Management Buys 2,902 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Peterson Wealth Management boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 92.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,050 shares of the e-commerce giant’s stock after purchasing an additional 2,902 shares during the quarter. Peterson Wealth Management’s holdings in Amazon.com were worth $508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fiduciary Planning LLC lifted its stake in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its stake in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its stake in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 10,760 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,019 shares of company stock valued at $6,053,511. 12.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Piper Sandler raised their price target on Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Bank of America lifted their target price on Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Oppenheimer decreased their target price on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Moffett Nathanson decreased their target price on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Finally, Truist Financial lifted their target price on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Stock Down 1.6 %

Shares of AMZN opened at $116.25 on Monday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 276.79, a PEG ratio of 4.11 and a beta of 1.26. The stock’s 50-day moving average price is $103.63 and its 200-day moving average price is $97.07.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. Amazon.com’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.