Arcadia Wealth Management LLC Purchases 1,272 Shares of Amazon.com, Inc. $AMZN

Arcadia Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,487 shares of the e-commerce giant’s stock after acquiring an additional 1,272 shares during the quarter. Amazon.com comprises about 1.3% of Arcadia Wealth Management LLC’s holdings, making the stock its 19th biggest holding. Arcadia Wealth Management LLC’s holdings in Amazon.com were worth $2,566,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Talisman Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% during the 4th quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock valued at $1,020,000 after acquiring an additional 53 shares during the period. SWAN Capital LLC lifted its stake in Amazon.com by 3.1% during the 4th quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 55 shares during the period. Lokken Investment Group LLC lifted its stake in Amazon.com by 1.5% during the 4th quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant’s stock valued at $848,000 after acquiring an additional 56 shares during the period. CWC Advisors LLC. lifted its stake in Amazon.com by 3.1% during the 4th quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant’s stock valued at $411,000 after acquiring an additional 56 shares during the period. Finally, JBGlobal.com LLC lifted its stake in Amazon.com by 2.1% during the 1st quarter. JBGlobal.com LLC now owns 2,669 shares of the e-commerce giant’s stock valued at $508,000 after acquiring an additional 56 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. UBS Group reaffirmed a “buy” rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. BMO Capital Markets upped their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group upped their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. One equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $262.87.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 25,096,253 shares of company stock worth $5,673,745,409 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $231.49 on Tuesday. The company has a market capitalization of $2.47 trillion, a PE ratio of 35.29, a P/E/G ratio of 1.56 and a beta of 1.31. 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 company has a 50-day simple moving average of $221.70 and a two-hundred day simple moving average of $208.21. Amazon.com, Inc. has a one year low of $161.38 and a one year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Research analysts expect 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.