Peddock Capital Advisors LLC Acquires 466 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Peddock Capital Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,850 shares of the e-commerce giant’s stock after purchasing an additional 466 shares during the quarter. Amazon.com makes up approximately 0.9% of Peddock Capital Advisors LLC’s holdings, making the stock its 24th biggest position. Peddock Capital Advisors LLC’s holdings in Amazon.com were worth $3,697,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter valued at about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com in the third quarter worth about $56,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after buying an additional 199 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wedbush lifted their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Rosenblatt Securities upped their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $249.02.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.2 %

NASDAQ:AMZN opened at $234.85 on Friday. The company has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The firm has a fifty day simple moving average of $219.63 and a 200-day simple moving average of $197.22.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current 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.