Twin Peaks Wealth Advisors LLC Has $6.75 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Twin Peaks Wealth Advisors LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,754 shares of the e-commerce giant's stock after acquiring an additional 1,880 shares during the quarter. Amazon.com comprises about 2.8% of Twin Peaks Wealth Advisors LLC's holdings, making the stock its 7th biggest holding. Twin Peaks Wealth Advisors LLC's holdings in Amazon.com were worth $6,747,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMZN. AMF Tjanstepension AB lifted its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Swedbank AB lifted its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter worth $279,000. Howard Capital Management Group LLC grew its position in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Finally, Meridian Management Co. increased its stake in Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.11.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 1.3 %

Shares of NASDAQ:AMZN traded down $2.46 on Monday, hitting $190.26. 63,479,318 shares of the company traded hands, compared to its average volume of 39,927,750. The stock has a 50 day simple moving average of $216.15 and a 200-day simple moving average of $209.27. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.02 trillion, a PE ratio of 34.41, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.