456 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Peterson Financial Group Inc.

Peterson Financial Group Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 456 shares of the e-commerce giant’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Tower Bridge Advisors boosted its position in shares of Amazon.com by 3.8% during the third quarter. Tower Bridge Advisors now owns 41,417 shares of the e-commerce giant’s stock valued at $7,717,000 after buying an additional 1,534 shares during the last quarter. Mechanics Financial Corp lifted its stake in Amazon.com by 1.6% during the 3rd quarter. Mechanics Financial Corp now owns 18,038 shares of the e-commerce giant’s stock valued at $3,361,000 after acquiring an additional 285 shares in the last quarter. Accent Capital Management LLC boosted its holdings in Amazon.com by 16.1% during the 3rd quarter. Accent Capital Management LLC now owns 54,050 shares of the e-commerce giant’s stock worth $10,071,000 after acquiring an additional 7,504 shares during the last quarter. Adero Partners LLC grew its stake in shares of Amazon.com by 6.0% in the 3rd quarter. Adero Partners LLC now owns 22,380 shares of the e-commerce giant’s stock worth $4,170,000 after acquiring an additional 1,273 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC raised its holdings in shares of Amazon.com by 131.7% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 21,969 shares of the e-commerce giant’s stock valued at $4,093,000 after purchasing an additional 12,487 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.5 %

AMZN stock opened at $223.75 on Friday. The firm has a market cap of $2.35 trillion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The business has a 50 day moving average of $209.73 and a 200 day moving average of $192.81. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by insiders.

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.