Peak Retirement Planning Inc. Purchases Shares of 2,752 Amazon.com, Inc. (NASDAQ:AMZN)

Peak Retirement Planning Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,752 shares of the e-commerce giant's stock, valued at approximately $604,000.

Several other hedge funds also recently made changes to their positions in AMZN. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Amazon.com in the fourth quarter worth approximately $8,419,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $5,382,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $212,000. Jupiter Wealth Management LLC raised its position in Amazon.com by 3.3% in the 4th quarter. Jupiter Wealth Management LLC now owns 30,652 shares of the e-commerce giant's stock valued at $6,725,000 after purchasing an additional 986 shares during the last quarter. Finally, ARQ Wealth Advisors LLC lifted its position in shares of Amazon.com by 4.3% during the fourth quarter. ARQ Wealth Advisors LLC now owns 2,893 shares of the e-commerce giant's stock worth $635,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was 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 stock in a transaction on Monday, June 2nd. The stock was 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 directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last quarter. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Oppenheimer decreased their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wedbush reiterated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Amazon.com Stock Performance

Shares of AMZN stock traded up $5.66 on Friday, hitting $213.57. 39,746,466 shares of the stock were exchanged, compared to its average volume of 42,160,042. The firm has a market capitalization of $2.27 trillion, a PE ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $191.84 and its two-hundred day moving average is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.