Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,440 shares of the e-commerce giant’s stock after purchasing an additional 3,513 shares during the period. Guardian Wealth Advisors LLC NC’s holdings in Amazon.com were worth $9,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $25,000. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMZN shares. Stifel Nicolaus cut their price objective on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Evercore ISI cut their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Loop Capital raised their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Raymond James reissued an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Benchmark reissued a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 over the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 1.0%

Shares of AMZN opened at $200.99 on Tuesday. The stock has a fifty day moving average price of $190.16 and a two-hundred day moving average price of $208.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.