Peterson Wealth Management Purchases 2,078 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Peterson Wealth Management grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,243 shares of the e-commerce giant's stock after buying an additional 2,078 shares during the quarter. Amazon.com accounts for approximately 3.8% of Peterson Wealth Management's holdings, making the stock its 10th biggest holding. Peterson Wealth Management's holdings in Amazon.com were worth $6,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc lifted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.0%

NASDAQ:AMZN traded up $1.98 during trading hours on Thursday, hitting $203.10. The stock had a trading volume of 38,797,180 shares, compared to its average volume of 41,908,253. The business's 50 day moving average is $189.74 and its 200-day moving average is $208.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 net margin of 9.29% and a return on equity of 24.25%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total transaction of $980,959.20. Following the sale, the chief executive officer now directly owns 514,150 shares in the company, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,081 shares of company stock valued at $17,421,044. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMZN shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

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.