Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 856,074 shares of the e-commerce giant’s stock after acquiring an additional 117,246 shares during the period. Amazon.com comprises 1.7% of AE Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. AE Wealth Management LLC’s holdings in Amazon.com were worth $165,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB bought a new position in Amazon.com during the first quarter worth about $2,239,757,000. Capital World Investors increased its stake in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Capital Research Global Investors raised its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Finally, Global Assets Advisory LLC lifted its stake in shares of Amazon.com by 30,350.2% during the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after buying an additional 6,510,119 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock opened at $188.99 on Monday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.94, a PEG ratio of 1.38 and a beta of 1.14. The company has a 50-day moving average of $181.98 and a 200 day moving average of $183.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Evercore ISI restated an “outperform” rating and set a $240.00 target price on shares of Amazon.com in a research report on Friday, October 11th. Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their price target on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $236.78.

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.