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PBMares Wealth Management LLC Buys 169 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

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PBMares Wealth Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 40.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588 shares of the e-commerce giant’s stock after acquiring an additional 169 shares during the period. Amazon.com accounts for 1.2% of PBMares Wealth Management LLC’s holdings, making the stock its 15th biggest holding. PBMares Wealth Management LLC’s holdings in Amazon.com were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AMZN. Stuart Chaussee & Associates Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Gibson Wealth Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $33,000. Leverty Financial Group LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $36,000. MBM Wealth Consultants LLC lifted its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Finally, William Allan LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $47,000. 72.51% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $124.63 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The business’s 50-day moving average price is $112.63 and its 200 day moving average price is $137.02. The firm has a market cap of $1.27 trillion, a P/E ratio of 60.16, a P/E/G ratio of 3.85 and a beta of 1.25.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company had revenue of $116.44 billion for the quarter, compared to analysts’ expectations of $116.52 billion. During the same period in the prior year, the business earned $0.79 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. Raymond James decreased their target price on shares of Amazon.com from $197.50 to $165.00 in a research report on Friday, April 29th. Truist Financial reissued a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Friday, June 17th. Wolfe Research decreased their price objective on Amazon.com from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, June 29th. Canaccord Genuity Group decreased their price objective on Amazon.com from $210.00 to $187.50 in a report on Friday, April 29th. Finally, Benchmark decreased their price objective on Amazon.com from $200.00 to $185.00 in a report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.31.

Insider Buying and Selling

In related news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 173 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock valued at $10,528,337 over the last quarter. 12.70% of the stock is currently owned by insiders.

Amazon.com Company Profile

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

See Also

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