Arkos Global Advisors Has $1.13 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Arkos Global Advisors cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,158 shares of the e-commerce giant’s stock after selling 130 shares during the period. Arkos Global Advisors’ holdings in Amazon.com were worth $1,132,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Core Wealth Advisors Inc. boosted its stake in Amazon.com by 5.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 11,597 shares of the e-commerce giant’s stock valued at $2,544,000 after purchasing an additional 649 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC boosted its stake in Amazon.com by 27.1% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 12,380 shares of the e-commerce giant’s stock valued at $2,716,000 after purchasing an additional 2,640 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in Amazon.com during the 4th quarter valued at about $7,400,000. Pingora Partners LLC boosted its stake in Amazon.com by 5.9% during the 4th quarter. Pingora Partners LLC now owns 7,695 shares of the e-commerce giant’s stock valued at $1,688,000 after purchasing an additional 430 shares during the last quarter. Finally, Cheviot Value Management LLC boosted its stake in Amazon.com by 1.4% during the 4th quarter. Cheviot Value Management LLC now owns 61,550 shares of the e-commerce giant’s stock valued at $13,503,000 after purchasing an additional 849 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Rosenblatt Securities lifted their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Oppenheimer cut their target price on Amazon.com from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Raymond James restated an “outperform” rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Piper Sandler restated an “overweight” rating and issued a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Trading Up 0.2%

Amazon.com stock opened at $205.59 on Monday. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm’s fifty day moving average price is $189.33 and its 200-day moving average price is $208.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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

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.