Praetorian Wealth Management Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Praetorian Wealth Management Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,328 shares of the e-commerce giant's stock, valued at approximately $730,000.

Other large investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the 3rd quarter valued at about $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.9 %

Shares of AMZN traded up $4.30 during mid-day trading on Wednesday, reaching $235.01. The company's stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $235.44. The stock has a market cap of $2.47 trillion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company's 50 day moving average is $218.73 and its 200 day moving average is $196.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. DA Davidson restated a "buy" rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. UBS Group boosted their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Maxim Group boosted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $247.72.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company's stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company's stock.

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.