Several other hedge funds have also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC lifted its holdings in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock valued at $9,906,000 after acquiring an additional 318 shares during the period. RMR Wealth Builders lifted its holdings in Amazon.com by 2.5% in the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after acquiring an additional 1,690 shares during the period. Peddock Capital Advisors LLC lifted its holdings in Amazon.com by 2.8% in the fourth quarter. Peddock Capital Advisors LLC now owns 16,850 shares of the e-commerce giant’s stock valued at $3,697,000 after acquiring an additional 466 shares during the period. Marion Wealth Management lifted its holdings in Amazon.com by 177.2% in the fourth quarter. Marion Wealth Management now owns 14,096 shares of the e-commerce giant’s stock valued at $3,093,000 after acquiring an additional 9,011 shares during the period. Finally, PFW Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at $1,348,000. 72.20% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on AMZN. Maxim Group raised their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Scotiabank cut their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Read Our Latest Research Report on Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock worth $24,197,235 in the last 90 days. 9.70% of the stock is owned by company insiders.

AMZN opened at $200.99 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business has a 50-day moving average of $190.05 and a two-hundred day moving average of $208.81. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

(Free Report)

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.

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