Archvest Wealth Advisors Inc. Acquires 765 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Archvest Wealth Advisors Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,771 shares of the e-commerce giant’s stock after purchasing an additional 765 shares during the quarter. Amazon.com makes up approximately 1.5% of Archvest Wealth Advisors Inc.’s holdings, making the stock its 16th biggest position. Archvest Wealth Advisors Inc.’s holdings in Amazon.com were worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Woodward Diversified Capital LLC boosted its holdings in shares of Amazon.com by 3.5% during the 1st quarter. Woodward Diversified Capital LLC now owns 17,009 shares of the e-commerce giant’s stock valued at $3,236,000 after purchasing an additional 581 shares during the last quarter. Dynasty Wealth Management LLC boosted its stake in Amazon.com by 46.7% during the first quarter. Dynasty Wealth Management LLC now owns 61,511 shares of the e-commerce giant’s stock valued at $11,703,000 after buying an additional 19,571 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in Amazon.com by 2.9% during the first quarter. Ascent Wealth Partners LLC now owns 46,522 shares of the e-commerce giant’s stock valued at $8,851,000 after buying an additional 1,306 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in Amazon.com by 2.7% during the first quarter. Mayflower Financial Advisors LLC now owns 33,943 shares of the e-commerce giant’s stock valued at $6,458,000 after buying an additional 898 shares during the last quarter. Finally, Hudock Inc. boosted its position in shares of Amazon.com by 16.9% during the 1st quarter. Hudock Inc. now owns 8,611 shares of the e-commerce giant’s stock valued at $1,638,000 after acquiring an additional 1,244 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their target price on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $230.98 on Friday. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a 50 day moving average of $221.06 and a 200 day moving average of $208.69.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. Insiders own 9.70% of the company’s stock.

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.