Archer Investment Corp Grows Holdings in Amazon.com, Inc. $AMZN

Archer Investment Corp grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 31.7% during the first quarter, HoldingsChannel.com reports. The firm owned 17,497 shares of the e-commerce giant’s stock after acquiring an additional 4,210 shares during the quarter. Amazon.com makes up about 0.8% of Archer Investment Corp’s holdings, making the stock its 25th biggest holding. Archer Investment Corp’s holdings in Amazon.com were worth $3,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MilWealth Group LLC boosted its position in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership increased its position in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC increased its position in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. increased its position in shares of Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 107 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $232.11 on Monday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The firm has a market cap of $2.50 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.74 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a 50-day simple moving average of $248.26 and a two-hundred day simple moving average of $236.34.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Sanford C. Bernstein reiterated an “outperform” rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Rosenblatt Securities raised their price objective on Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Securities raised Amazon.com to a “buy” rating in a research report on Monday, April 13th. Wolfe Research restated an “outperform” rating and set a $320.00 price target (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, Robert W. Baird lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $312.91.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Options data and several analyst/commentary pieces suggest traders expect a post-earnings move higher, and multiple firms remain bullish on AMZN heading into the July 30 report. Ahead of Amazon Earnings, Here’s What Barchart Data Says Comes Next for AMZN Stock
• Positive Sentiment: India eased e-commerce export rules, which is a win for Amazon’s international marketplace ambitions and could support long-term growth. India relaxes e-commerce investment rules for exports in win for Amazon
• Positive Sentiment: Several bullish research notes continue to frame AWS, custom silicon, and Amazon’s AI buildout as long-term growth drivers, with some investors arguing the capex surge should ultimately strengthen Amazon’s competitive moat. Amazon: Why The CapEx Surge Makes Me More Bullish, Not Less

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,467 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the sale, the director owned 74,948 shares of the company’s stock, valued at approximately $20,462,302.96. This represents a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 140,425 shares of company stock valued at $37,715,464. 8.90% of the stock is currently owned by company insiders.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.