Regent Peak Wealth Advisors LLC Has $8.35 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Regent Peak Wealth Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,835 shares of the e-commerce giant’s stock after selling 3,809 shares during the period. Amazon.com accounts for 1.9% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. Regent Peak Wealth Advisors LLC’s holdings in Amazon.com were worth $8,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB acquired a new stake in shares of Amazon.com during the 1st quarter worth about $2,239,757,000. Capital World Investors boosted its holdings in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after buying an additional 11,524,463 shares during the period. Capital Research Global Investors grew its stake in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 4.2 %

AMZN stock opened at $202.61 on Friday. The stock has a 50-day simple moving average of $190.54 and a two-hundred day simple moving average of $185.54. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $215.90. The firm has a market capitalization of $2.13 trillion, a PE ratio of 43.93, a PEG ratio of 1.44 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JMP Securities upped their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Rosenblatt Securities boosted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Company 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.