Peddock Capital Advisors LLC Has $3.25 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peddock Capital Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,093 shares of the e-commerce giant’s stock after purchasing an additional 243 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Amazon.com were worth $3,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $2,153,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $213.75 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31. The business’s fifty day moving average is $218.57 and its two-hundred day moving average is $208.96. Amazon.com, Inc. has a 52 week low of $158.54 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Susquehanna raised their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Barclays raised their price objective on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Bank of America raised their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, UBS Group restated a “buy” rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $262.45.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 25,102,037 shares of company stock valued at $5,674,937,048 over the last quarter. 10.80% of the stock is currently owned by insiders.

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.