Peterson Wealth Advisors LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Peterson Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 35.2% in the third quarter, HoldingsChannel reports. The fund owned 1,659 shares of the e-commerce giant’s stock after purchasing an additional 432 shares during the period. Peterson Wealth Advisors LLC’s holdings in Amazon.com were worth $309,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cavalier Investments LLC increased its stake in Amazon.com by 500.8% in the 3rd quarter. Cavalier Investments LLC now owns 121,759 shares of the e-commerce giant’s stock worth $22,687,000 after purchasing an additional 101,493 shares during the period. L. Roy Papp & Associates LLP increased its stake in shares of Amazon.com by 2.8% in the third quarter. L. Roy Papp & Associates LLP now owns 13,430 shares of the e-commerce giant’s stock worth $2,502,000 after buying an additional 363 shares during the period. West Bancorporation Inc. increased its stake in shares of Amazon.com by 2.2% in the third quarter. West Bancorporation Inc. now owns 4,236 shares of the e-commerce giant’s stock worth $789,000 after buying an additional 92 shares during the period. Custom Index Systems LLC raised its holdings in Amazon.com by 3.2% during the 3rd quarter. Custom Index Systems LLC now owns 13,876 shares of the e-commerce giant’s stock valued at $2,586,000 after buying an additional 426 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its holdings in Amazon.com by 1.2% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 73,754 shares of the e-commerce giant’s stock worth $13,743,000 after acquiring an additional 890 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC increased their price objective on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Moffett Nathanson boosted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group upped their target price on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.0 %

AMZN stock opened at $207.89 on Monday. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 44.52, a P/E/G ratio of 1.39 and a beta of 1.14. 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 $142.81 and a 1-year high of $215.90. The business has a fifty day moving average price of $194.78 and a 200-day moving average price of $186.94.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal 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.