PCG Wealth Advisors LLC Acquires 110 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PCG Wealth Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,284 shares of the e-commerce giant’s stock after purchasing an additional 110 shares during the period. PCG Wealth Advisors LLC’s holdings in Amazon.com were worth $1,598,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Cornerstone Wealth Advisors Inc. boosted its stake in shares of Amazon.com by 10.2% during the fourth quarter. Cornerstone Wealth Advisors Inc. now owns 1,625 shares of the e-commerce giant’s stock valued at $357,000 after purchasing an additional 150 shares in the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in Amazon.com by 11.8% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 9,520 shares of the e-commerce giant’s stock worth $2,089,000 after buying an additional 1,003 shares during the period. McGuire Investment Group LLC boosted its position in Amazon.com by 1.3% during the 4th quarter. McGuire Investment Group LLC now owns 51,410 shares of the e-commerce giant’s stock valued at $11,279,000 after acquiring an additional 652 shares in the last quarter. Eclectic Associates Inc. ADV increased its holdings in shares of Amazon.com by 50.6% in the 4th quarter. Eclectic Associates Inc. ADV now owns 9,598 shares of the e-commerce giant’s stock valued at $2,106,000 after acquiring an additional 3,225 shares during the period. Finally, Goelzer Investment Management Inc. boosted its position in shares of Amazon.com by 4.0% in the 4th quarter. Goelzer Investment Management Inc. now owns 50,314 shares of the e-commerce giant’s stock worth $11,038,000 after purchasing an additional 1,943 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,850 shares of company stock valued at $6,168,581 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $228.93 on Thursday. The firm has a 50 day simple moving average of $227.77 and a 200-day simple moving average of $201.59. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Evercore ISI boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Tigress Financial raised their price target 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, Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.74.

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.