Guardian Wealth Advisors LLC Has $487,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Guardian Wealth Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 25.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,615 shares of the e-commerce giant’s stock after selling 900 shares during the period. Guardian Wealth Advisors LLC’s holdings in Amazon.com were worth $487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of Amazon.com by 1.0% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 132,404 shares of the e-commerce giant’s stock worth $24,671,000 after acquiring an additional 1,294 shares in the last quarter. First City Capital Management Inc. grew its position in Amazon.com by 3.3% in the 3rd quarter. First City Capital Management Inc. now owns 17,153 shares of the e-commerce giant’s stock worth $3,196,000 after purchasing an additional 547 shares in the last quarter. Princeton Capital Management LLC boosted its position in Amazon.com by 1.7% in the third quarter. Princeton Capital Management LLC now owns 120,553 shares of the e-commerce giant’s stock worth $22,463,000 after purchasing an additional 2,047 shares during the last quarter. Equita Financial Network Inc. raised its holdings in shares of Amazon.com by 47.0% in the 3rd quarter. Equita Financial Network Inc. now owns 2,762 shares of the e-commerce giant’s stock worth $515,000 after purchasing an additional 883 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Amazon.com by 14.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 192,252 shares of the e-commerce giant’s stock valued at $35,822,000 after purchasing an additional 23,943 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMZN shares. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 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-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Performance

NASDAQ AMZN opened at $221.30 on Tuesday. The company has a market cap of $2.33 trillion, a P/E ratio of 47.39, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The business’s 50 day moving average price is $209.73 and its 200-day moving average price is $192.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

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, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.