Arkadios Wealth Advisors Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 22nd, 2023

Arkadios Wealth Advisors increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,183 shares of the e-commerce giant’s stock after purchasing an additional 6,666 shares during the quarter. Amazon.com makes up 1.5% of Arkadios Wealth Advisors’ portfolio, making the stock its 4th largest holding. Arkadios Wealth Advisors’ holdings in Amazon.com were worth $11,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Iron Horse Wealth Management LLC raised its stake in Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC lifted its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares during the last quarter. Knott David M Jr acquired a new position in Amazon.com in the second quarter valued at about $32,000. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after buying an additional 342 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. Roth Capital reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. JPMorgan Chase & Co. decreased their target price on Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. DA Davidson lifted their price target on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Susquehanna increased their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Finally, Barclays raised their price objective on shares of Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.72.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock valued at $6,994,626 in the last ninety days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $100.61 on Wednesday. The company has a fifty day moving average price of $97.43 and a 200 day moving average price of $100.95. The firm has a market cap of $1.03 trillion, a PE ratio of -375.40, a PEG ratio of 4.10 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.