Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,072 shares of the e-commerce giant's stock after buying an additional 27,374 shares during the period. Amazon.com comprises approximately 1.7% of Arete Wealth Advisors LLC's holdings, making the stock its 8th largest holding. Arete Wealth Advisors LLC's holdings in Amazon.com were worth $23,322,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Swedbank AB increased its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com during the 3rd quarter worth $279,000. Howard Capital Management Group LLC increased its position in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares in the last quarter. Principal Financial Group Inc. raised its stake in Amazon.com by 5.1% in the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. boosted its holdings in Amazon.com by 19.3% in the third quarter. Blackhawk Capital Partners LLC. now owns 24,871 shares of the e-commerce giant's stock worth $4,634,000 after acquiring an additional 4,024 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.1 %

NASDAQ:AMZN traded down $0.22 on Friday, hitting $189.98. The stock had a trading volume of 77,794,995 shares, compared to its average volume of 41,684,289. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $190.48 and a two-hundred day moving average price of $207.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group reduced their target price on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Truist Financial reduced their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $243.55.

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.