Garde Capital Inc. Purchases 440 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Jun 17th, 2023

Garde Capital Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,134 shares of the e-commerce giant’s stock after acquiring an additional 440 shares during the quarter. Amazon.com comprises about 0.9% of Garde Capital Inc.’s holdings, making the stock its 25th biggest holding. Garde Capital Inc.’s holdings in Amazon.com were worth $7,487,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. St. James Investment Advisors LLC lifted its position in Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Retirement Financial Solutions LLC bought a new stake in Amazon.com during the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC lifted its position 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 valued at $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com during the fourth quarter valued at approximately $37,000. 57.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. StockNews.com initiated coverage on shares of Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Rosenblatt Securities lifted their price target on shares of Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a research note on Thursday, April 20th. Finally, Barclays decreased their price target on shares of Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $145.28.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of the company’s 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 sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The disclosure for this sale can be found here. Insiders sold 75,644 shares of company stock valued at $8,576,262 in the last quarter. 12.30% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $125.49 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a market capitalization of $1.29 trillion, a P/E ratio of 298.79, a P/E/G ratio of 2.46 and a beta of 1.26. The company’s 50-day simple moving average is $112.74 and its two-hundred day simple moving average is $100.96. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 1.56 EPS for the current 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.

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

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