PPS&V Asset Management Consultants Inc. Makes New $416,000 Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 26th, 2023

PPS&V Asset Management Consultants Inc. acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,950 shares of the e-commerce giant’s stock, valued at approximately $416,000. Amazon.com accounts for approximately 0.4% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fiduciary Planning LLC raised its position in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC raised its position in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. raised its position in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. raised its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its position in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the period. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $98.13 on Friday. The firm has a 50-day moving average price of $97.58 and a 200-day moving average price of $100.54. The firm has a market capitalization of $1.01 trillion, a PE ratio of -363.44, a price-to-earnings-growth ratio of 4.09 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 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the business posted $1.39 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMZN shares. StockNews.com started coverage on shares of Amazon.com in a research note on Thursday, March 16th. They issued a “hold” rating for the company. DA Davidson increased their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research note on Friday, February 3rd. Evercore ISI increased their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one 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 target price of $144.72.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders sold 73,693 shares of company stock worth $7,225,308 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Profile

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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.

See Also

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

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