Arcadia Wealth Management Inc. Takes $405,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Arcadia Wealth Management Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,845 shares of the e-commerce giant's stock, valued at approximately $405,000.

Several other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter worth $35,000. Finally, Perritt Capital Management Inc raised its position in shares of 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 period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 2.7%

NASDAQ:AMZN opened at $213.57 on Friday. The company's fifty day moving average price is $191.84 and its 200-day moving average price is $208.75. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter last year, the company earned $0.98 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays cut their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Citizens Jmp reduced their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Finally, Raymond James reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by company 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.

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