PCG Wealth Advisors LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

PCG Wealth Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,377 shares of the e-commerce giant’s stock after buying an additional 228 shares during the period. PCG Wealth Advisors LLC’s holdings in Amazon.com were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wagner Wealth Management LLC raised its position in shares of Amazon.com by 1.5% in the third quarter. Wagner Wealth Management LLC now owns 6,545 shares of the e-commerce giant’s stock worth $832,000 after acquiring an additional 95 shares during the period. Redwood Wealth Management Group LLC raised its holdings in Amazon.com by 2.6% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 5,611 shares of the e-commerce giant’s stock worth $713,000 after purchasing an additional 143 shares during the period. Riverwater Partners LLC raised its holdings in Amazon.com by 16.3% in the 3rd quarter. Riverwater Partners LLC now owns 2,896 shares of the e-commerce giant’s stock worth $368,000 after purchasing an additional 406 shares during the period. Dominguez Wealth Management Solutions Inc. grew its holdings in Amazon.com by 5.6% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 1,880 shares of the e-commerce giant’s stock valued at $239,000 after purchasing an additional 100 shares during the period. Finally, Sander Capital Advisors Inc. increased its position in shares of Amazon.com by 39.5% in the third quarter. Sander Capital Advisors Inc. now owns 121,053 shares of the e-commerce giant’s stock valued at $15,388,000 after buying an additional 34,249 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday. Evercore ISI increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Telsey Advisory Group boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wolfe Research boosted their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $211.07.

Amazon.com Stock Performance

NASDAQ AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a 1-year low of $103.31 and a 1-year high of $189.77. The stock has a 50-day moving average of $178.79 and a two-hundred day moving average of $159.95. The company has a market cap of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 4.12 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Insiders own 10.80% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.