Amazon.com, Inc. $AMZN Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,784 shares of the e-commerce giant’s stock after buying an additional 2,055 shares during the quarter. Amazon.com accounts for about 3.5% of Peterson Wealth Services’ portfolio, making the stock its 6th largest holding. Peterson Wealth Services’ holdings in Amazon.com were worth $11,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’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 owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 0.2%

AMZN opened at $231.49 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company’s 50-day moving average is $221.70 and its 200 day moving average is $208.21. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Scotiabank lifted their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Benchmark reissued a “buy” rating and set a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group restated a “buy” rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Wells Fargo & Company upped their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $262.87.

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.