Semus Wealth Partners LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Semus Wealth Partners LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,780 shares of the e-commerce giant’s stock, valued at approximately $2,334,000. Amazon.com accounts for 2.8% of Semus Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest position.

Other hedge funds also recently bought and sold shares of the company. Fiduciary Planning LLC raised its stake in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its position 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 valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew 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 valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. raised its stake in 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 period. Finally, Archetype Wealth Partners lifted its holdings in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Benchmark upped their price objective on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Robert W. Baird lifted their target price on Amazon.com from $125.00 to $130.00 in a report on Friday, April 28th. Mizuho increased their price target on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Amazon.com in a research note on Thursday, April 20th. Finally, Oppenheimer cut their price target on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. Three investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Stock Performance

AMZN opened at $115.01 on Tuesday. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.83, a PEG ratio of 4.04 and a beta of 1.26. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The firm’s fifty day simple moving average is $104.08 and its two-hundred day simple moving average is $97.25.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 26,599 shares of company stock worth $2,781,085 in the last three months. 12.30% of the stock is owned by corporate insiders.

Amazon.com Profile

(Get Rating)

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.