Cliftonlarsonallen Wealth Advisors LLC Purchases 3,509 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cliftonlarsonallen Wealth Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,076 shares of the e-commerce giant’s stock after purchasing an additional 3,509 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Amazon.com were worth $18,884,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Smith Anglin Financial LLC boosted its stake in Amazon.com by 3.3% in the fourth quarter. Smith Anglin Financial LLC now owns 44,987 shares of the e-commerce giant’s stock valued at $9,870,000 after acquiring an additional 1,430 shares in the last quarter. Wiser Wealth Management Inc increased its holdings in Amazon.com by 20.1% in the fourth quarter. Wiser Wealth Management Inc now owns 3,724 shares of the e-commerce giant’s stock valued at $817,000 after buying an additional 624 shares in the last quarter. Apella Capital LLC increased its holdings in Amazon.com by 5.1% in the fourth quarter. Apella Capital LLC now owns 27,066 shares of the e-commerce giant’s stock valued at $5,938,000 after buying an additional 1,321 shares in the last quarter. Brendel Financial Advisors LLC grew its position in shares of Amazon.com by 2.4% in the fourth quarter. Brendel Financial Advisors LLC now owns 13,455 shares of the e-commerce giant’s stock valued at $2,952,000 after purchasing an additional 312 shares during the period. Finally, Founders Grove Wealth Partners LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $943,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $235.50 on Tuesday. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $236.40. The firm’s 50 day moving average price is $220.27 and its two-hundred day moving average price is $197.44.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $280.00 target price (up from $260.00) on shares of Amazon.com in a report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial upped their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $249.46.

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.