Pflug Koory LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jul 13th, 2023

Pflug Koory LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the first quarter, HoldingsChannel.com reports. The firm owned 7,622 shares of the e-commerce giant’s stock after acquiring an additional 177 shares during the period. Pflug Koory LLC’s holdings in Amazon.com were worth $787,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC lifted its position in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. lifted its position in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. lifted its position in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners lifted its position in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Robert W. Baird boosted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Barclays cut their price objective on shares of Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Jefferies Financial Group boosted their price objective on shares of Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Wolfe Research boosted their price objective on shares of Amazon.com from $140.00 to $150.00 in a research report on Monday. Finally, Piper Jaffray Companies lifted their price target on shares of Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $144.93.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $128.17, for a total transaction of $64,085.00. Following the completion of the sale, the chief executive officer now owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The disclosure for this sale can be found here. Insiders sold 73,845 shares of company stock valued at $8,536,085 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $130.80 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.34 trillion, a P/E ratio of 311.43, a P/E/G ratio of 2.52 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The firm has a 50-day moving average price of $121.77 and a two-hundred day moving average price of $105.95.

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

Amazon.com Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.