Regent Peak Wealth Advisors LLC Acquires 218 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Regent Peak Wealth Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,332 shares of the e-commerce giant’s stock after acquiring an additional 218 shares during the quarter. Amazon.com makes up approximately 1.8% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. Regent Peak Wealth Advisors LLC’s holdings in Amazon.com were worth $5,763,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in Amazon.com by 2.5% during the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after purchasing an additional 288 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Amazon.com during the 2nd quarter worth $123,733,000. King Wealth increased its position in Amazon.com by 4.6% during the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after buying an additional 1,296 shares during the period. Meitav Investment House Ltd. increased its position in Amazon.com by 3.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after buying an additional 20,574 shares during the period. Finally, Ascension Asset Management LLC bought a new position in Amazon.com during the 2nd quarter worth $2,001,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 10,756 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the transaction, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,080,878 shares of company stock worth $1,033,083,657 in the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $172.34 on Tuesday. The stock’s 50-day simple moving average is $154.96 and its 200 day simple moving average is $142.61. The stock has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 59.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $175.39.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Research analysts forecast that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Sanford C. Bernstein increased their price objective on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. JMP Securities increased their price objective on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Piper Sandler raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wedbush raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Read Our Latest Stock Report on Amazon.com

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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