Pettinga Financial Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,335 shares of the e-commerce giant’s stock after buying an additional 1,275 shares during the period. Pettinga Financial Advisors LLC’s holdings in Amazon.com were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Wells Financial Advisors INC grew its holdings in shares of Amazon.com by 1,900.0% in the second 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 in the last quarter. Knott David M Jr purchased a new position in shares of Amazon.com in the second quarter valued at $32,000. Laurel Wealth Planning LLC grew its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC grew its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $98.13 on Friday. The business’s 50 day moving average price is $97.58 and its 200 day moving average price is $100.72. The firm has a market cap of $1.01 trillion, a P/E ratio of -366.14, a P/E/G ratio of 4.16 and a beta of 1.25. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 5,100 shares of the company’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 sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’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 sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Insiders have sold a total of 73,693 shares of company stock worth $7,225,308 over the last quarter. Insiders own 12.70% of the company’s stock.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of recent research reports. Evercore ISI raised their target price on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. MKM Partners cut their target price on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 18th. New Street Research initiated coverage on shares of Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Finally, StockNews.com initiated coverage on shares of Amazon.com in a research note on Thursday, March 16th. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.72.
Amazon.com Company Profile
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.
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