Archer Investment Corp Has $2.02 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Archer Investment Corp grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,268 shares of the e-commerce giant’s stock after buying an additional 300 shares during the period. Archer Investment Corp’s holdings in Amazon.com were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the 3rd quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at $339,670,375.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,197,961 shares of company stock worth $4,482,244,357. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMZN. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Oppenheimer lifted their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Truist Financial increased their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $188.76 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a 50-day moving average of $179.60 and a 200-day moving average of $161.63. Amazon.com, Inc. has a 52-week low of $104.70 and a 52-week high of $189.94. The stock has a market cap of $1.96 trillion, a PE ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15.

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

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.