ARQ Wealth Advisors LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

ARQ Wealth Advisors LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,628 shares of the e-commerce giant’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthspire Advisors LLC grew its holdings in Amazon.com by 7.8% during the 3rd quarter. Wealthspire Advisors LLC now owns 139,998 shares of the e-commerce giant’s stock worth $17,797,000 after acquiring an additional 10,176 shares during the period. Alapocas Investment Partners Inc. grew its holdings in shares of Amazon.com by 1.2% in the 3rd quarter. Alapocas Investment Partners Inc. now owns 89,349 shares of the e-commerce giant’s stock valued at $11,358,000 after buying an additional 1,035 shares during the period. Argonautica Private Wealth Management Inc. grew its holdings in shares of Amazon.com by 0.9% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 42,338 shares of the e-commerce giant’s stock valued at $5,382,000 after buying an additional 397 shares during the period. Sonata Capital Group Inc. grew its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Sonata Capital Group Inc. now owns 42,845 shares of the e-commerce giant’s stock valued at $5,446,000 after buying an additional 160 shares during the period. Finally, Must Asset Management Inc. acquired a new position in shares of Amazon.com in the 3rd quarter valued at $986,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,838 shares of company stock valued at $11,984,344. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN traded down $0.17 on Friday, hitting $183.66. The company had a trading volume of 25,456,410 shares, compared to its average volume of 31,943,300. The firm has a 50 day moving average of $182.92 and a two-hundred day moving average of $170.19. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. UBS Group boosted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Barclays boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $213.82.

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.