Peak Financial Management Inc. Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Peak Financial Management Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,431 shares of the e-commerce giant’s stock after buying an additional 1,042 shares during the period. Peak Financial Management Inc.’s holdings in Amazon.com were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bridgefront Capital LLC acquired a new position in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC raised its position in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC acquired a new position in Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the first quarter worth about $191,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMZN shares. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America boosted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Benchmark boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $198.09.

Amazon.com Price Performance

Shares of AMZN opened at $185.07 on Monday. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 63.82, a P/E/G ratio of 1.61 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $97.71 and a twelve month high of $186.27. The company has a 50 day moving average of $173.82 and a 200-day moving average of $153.34. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,782,846 in the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

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.