Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Peterson Wealth Services

Peterson Wealth Services increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,108 shares of the e-commerce giant’s stock after buying an additional 343 shares during the period. Amazon.com comprises about 3.6% of Peterson Wealth Services’ portfolio, making the stock its 6th biggest position. Peterson Wealth Services’ holdings in Amazon.com were worth $8,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. FMR LLC boosted its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Jennison Associates LLC boosted its holdings in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Amazon.com in the third quarter valued at approximately $610,138,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the sale, the insider now owns 970,255,270 shares of the company’s stock, valued at $168,174,345,949.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’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 sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the sale, the insider now owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The disclosure for this sale can be found here. Insiders have sold a total of 26,197,961 shares of company stock valued at $4,482,244,357 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.0 %

Shares of AMZN stock opened at $188.76 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $104.70 and a fifty-two week high of $189.94. The stock has a market cap of $1.96 trillion, a P/E ratio of 52.87, a P/E/G ratio of 1.35 and a beta of 1.15. The business has a fifty day simple moving average of $179.60 and a 200-day simple moving average of $161.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMZN shares. Monness Crespi & Hardt increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Roth Mkm reissued a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Loop Capital increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Company Profile

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.