Aries Wealth Management Has $7.92 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Aries Wealth Management lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,983 shares of the e-commerce giant’s stock after acquiring an additional 295 shares during the quarter. Amazon.com makes up approximately 2.5% of Aries Wealth Management’s investment portfolio, making the stock its 8th largest position. Aries Wealth Management’s holdings in Amazon.com were worth $7,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in shares of Amazon.com by 291.8% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock valued at $4,406,000 after buying an additional 21,595 shares during the last quarter. Paradigm Financial Partners LLC raised its position in Amazon.com by 1.4% during the fourth quarter. Paradigm Financial Partners LLC now owns 64,186 shares of the e-commerce giant’s stock worth $9,752,000 after acquiring an additional 891 shares in the last quarter. RiverFront Investment Group LLC lifted its stake in Amazon.com by 5.7% in the fourth quarter. RiverFront Investment Group LLC now owns 117,134 shares of the e-commerce giant’s stock valued at $17,797,000 after acquiring an additional 6,305 shares during the last quarter. Kapstone Financial Advisors LLC grew its position in shares of Amazon.com by 5.3% in the 4th quarter. Kapstone Financial Advisors LLC now owns 7,655 shares of the e-commerce giant’s stock valued at $1,208,000 after acquiring an additional 387 shares during the period. Finally, Little House Capital LLC increased its stake in shares of Amazon.com by 5.9% during the 4th quarter. Little House Capital LLC now owns 51,610 shares of the e-commerce giant’s stock worth $7,842,000 after purchasing an additional 2,853 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $184.89 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.92 trillion, a PE ratio of 51.79, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The business’s 50-day moving average price is $179.22 and its two-hundred day moving average price is $181.74.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Truist Financial boosted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. BMO Capital Markets raised their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JMP Securities upped their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday, September 3rd. Finally, Robert W. Baird raised their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $222.49.

About Amazon.com

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.