Twin Peaks Wealth Advisors LLC Buys 1,880 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Twin Peaks Wealth Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,754 shares of the e-commerce giant's stock after buying an additional 1,880 shares during the period. Amazon.com accounts for approximately 2.8% of Twin Peaks Wealth Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Twin Peaks Wealth Advisors LLC's holdings in Amazon.com were worth $6,747,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management lifted its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares during the period. MBM Wealth Consultants LLC boosted its holdings in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after buying an additional 48 shares in the last quarter. Semus Wealth Partners LLC grew its position in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after buying an additional 49 shares during the period. Finally, GGM Financials LLC raised its position in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock worth $540,000 after acquiring an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors.
In related news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Corporate insiders own 10.80% of the company's stock.
A number of equities research analysts recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Benchmark upped their price target on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.
View Our Latest Stock Analysis on Amazon.com
Shares of NASDAQ:AMZN opened at $201.36 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $217.53 and a 200 day moving average price of $208.75. The company has a market cap of $2.13 trillion, a P/E ratio of 36.41, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
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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