Aspiriant LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Aspiriant LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,867 shares of the e-commerce giant’s stock after purchasing an additional 1,324 shares during the period. Aspiriant LLC’s holdings in Amazon.com were worth $5,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cascade Wealth Advisors Inc acquired a new position in Amazon.com in the 1st quarter worth $333,000. Bowman & Co S.C. lifted its holdings in Amazon.com by 2.3% in the 1st quarter. Bowman & Co S.C. now owns 6,362 shares of the e-commerce giant’s stock worth $1,148,000 after buying an additional 141 shares in the last quarter. Aletheian Wealth Advisors LLC lifted its holdings in Amazon.com by 79.3% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 19,220 shares of the e-commerce giant’s stock worth $3,467,000 after buying an additional 8,501 shares in the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in Amazon.com by 7.0% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 27,571 shares of the e-commerce giant’s stock worth $4,973,000 after buying an additional 1,815 shares in the last quarter. Finally, TrueMark Investments LLC lifted its holdings in Amazon.com by 13.4% in the 1st quarter. TrueMark Investments LLC now owns 8,574 shares of the e-commerce giant’s stock worth $1,547,000 after buying an additional 1,014 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $193.25 on Monday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The company’s fifty day moving average is $183.87 and its 200-day moving average is $173.28. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the business posted $0.31 EPS. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. BMO Capital Markets upped their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $215.86.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares in the company, valued at $19,836,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,838 shares of company stock worth $11,261,789. 10.80% of the stock is owned by insiders.

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.