Archer Investment Corp Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Archer Investment Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,268 shares of the e-commerce giant’s stock after acquiring an additional 300 shares during the quarter. Archer Investment Corp’s holdings in Amazon.com were worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com in the third quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Amazon.com in the fourth quarter valued at $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.0 %

Shares of NASDAQ:AMZN opened at $188.76 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $104.70 and a fifty-two week high of $189.94. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $179.60 and its 200-day simple moving average is $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Moffett Nathanson reissued a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the sale, the insider now directly owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The disclosure for this sale can be found here. Insiders have sold a total of 26,197,961 shares of company stock worth $4,482,244,357 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.