Guardian Wealth Advisors LLC NC Acquires 3,513 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Guardian Wealth Advisors LLC NC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,440 shares of the e-commerce giant's stock after purchasing an additional 3,513 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Amazon.com were worth $9,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America lowered their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial lowered their price target 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. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Piper Sandler reissued an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now directly owns 506,974 shares of the company's stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $0.73 during trading on Friday, reaching $204.97. The company's stock had a trading volume of 5,436,289 shares, compared to its average volume of 41,856,818. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 firm has a 50 day moving average of $190.60 and a 200-day moving average of $208.70. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS 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.