Peddock Capital Advisors LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peddock Capital Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,135 shares of the e-commerce giant’s stock after buying an additional 135 shares during the quarter. Amazon.com comprises 0.8% of Peddock Capital Advisors LLC’s holdings, making the stock its 28th largest position. Peddock Capital Advisors LLC’s holdings in Amazon.com were worth $2,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. State Street Corp raised its stake in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp raised its stake in shares of Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated 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 directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.2 %

AMZN opened at $93.55 on Wednesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The stock has a market capitalization of $958.63 billion, a price-to-earnings ratio of -349.05, a PEG ratio of 3.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The business has a fifty day moving average price of $95.31 and a 200 day moving average price of $103.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Oppenheimer raised their price objective on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Credit Suisse Group raised their target price on Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Wells Fargo & Company dropped their target price on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Wedbush dropped their target price on Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Finally, New Street Research initiated coverage on Amazon.com in a report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Company 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.