Archer Investment Corp Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Archer Investment Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,959 shares of the e-commerce giant’s stock after purchasing an additional 714 shares during the period. Archer Investment Corp’s holdings in Amazon.com were worth $2,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its position in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.0%

AMZN opened at $231.03 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm’s fifty day moving average price is $221.41 and its 200 day moving average price is $208.64. The stock has a market capitalization of $2.46 trillion, a PE ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates 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 for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Rosenblatt Securities boosted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $262.87.

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.