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Arkos Global Advisors Buys 6,449 Shares of Amazon.com, Inc. $AMZN

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Key Points

  • Arkos Global Advisors increased its Amazon stake by 109.7%, buying 6,449 shares to hold 12,330 shares valued at about $2.71 million per its latest 13F filing.
  • Analysts collectively rate AMZN a Moderate Buy with an average price target of $286.93, after multiple firms adjusted targets and reiterated buy/outperform ratings.
  • Insiders have sold 71,686 shares worth roughly $14.69 million in the past 90 days, including recent sales by VP Shelley Reynolds and CEO Douglas Herrington; insiders now own 9.70% of the stock.
  • Five stocks we like better than Amazon.com.

Arkos Global Advisors grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 109.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,330 shares of the e-commerce giant's stock after purchasing an additional 6,449 shares during the period. Arkos Global Advisors' holdings in Amazon.com were worth $2,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock worth $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. State Street Corp raised its holdings in Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant's stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $27,438,011,000. Finally, Northern Trust Corp lifted its position in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after acquiring an additional 302,858 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Wolfe Research boosted their price objective on Amazon.com from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Tuesday, March 10th. President Capital reduced their target price on Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Monness Crespi & Hardt decreased their price target on shares of Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. Raymond James Financial lowered their price target on shares of Amazon.com from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, February 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $286.93.

View Our Latest Research Report on Amazon.com

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total transaction of $554,900.50. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,662,702. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total value of $1,406,779.70. Following the completion of the transaction, the chief executive officer owned 522,361 shares in the company, valued at $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,686 shares of company stock worth $14,688,739 over the last ninety days. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Down 0.9%

AMZN opened at $207.67 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The stock has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a PEG ratio of 1.56 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $222.93 and a two-hundred day moving average price of $226.69.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. Amazon.com's revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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