Tradition Wealth Management LLC Buys 2,188 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tradition Wealth Management LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,758 shares of the e-commerce giant's stock after buying an additional 2,188 shares during the quarter. Amazon.com accounts for approximately 1.1% of Tradition Wealth Management LLC's investment portfolio, making the stock its 25th largest position. Tradition Wealth Management LLC's holdings in Amazon.com were worth $12,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Howard Capital Management Group LLC raised its stake in Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after acquiring an additional 897 shares during the period. Principal Financial Group Inc. increased its position in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of Amazon.com during the third quarter worth about $14,648,000. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, JDM Financial Group LLC grew its holdings in shares of Amazon.com by 5.0% during the third quarter. JDM Financial Group LLC now owns 2,224 shares of the e-commerce giant's stock worth $414,000 after purchasing an additional 106 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 company'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 transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 80,798 shares of company stock valued at $17,696,733. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 2.4%

Shares of NASDAQ AMZN opened at $205.17 on Friday. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.10, 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 current ratio of 1.06 and a quick ratio of 0.87. The business has a 50-day moving average of $189.15 and a two-hundred day moving average of $208.40. 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 announced its quarterly earnings results 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. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Truist Financial dropped their price objective 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. 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. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. 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 has an average rating of "Moderate Buy" and a consensus target price of $244.09.

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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