Peak Financial Management Inc. Sells 345 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Peak Financial Management Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,909 shares of the e-commerce giant’s stock after selling 345 shares during the quarter. Peak Financial Management Inc.’s holdings in Amazon.com were worth $915,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. grew its holdings in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after acquiring an additional 43,759 shares during the period. Investment Advisory Group LLC grew its stake in Amazon.com by 2.0% during the first quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant’s stock worth $4,111,000 after purchasing an additional 439 shares during the period. Independent Family Office LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $209,000. M3 Advisory Group LLC boosted its stake in Amazon.com by 31.2% during the first quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant’s stock worth $1,559,000 after acquiring an additional 2,058 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its stake in Amazon.com by 0.9% in the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock valued at $3,186,000 after purchasing an additional 153 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,053,349 shares of company stock worth $1,256,503,289 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0 %

AMZN opened at $208.91 on Wednesday. The business’s fifty day simple moving average is $188.40 and its 200 day simple moving average is $184.95. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $212.25. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.20 trillion, a PE ratio of 44.73, a P/E/G ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com 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.