Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,751 shares of the e-commerce giant’s stock after selling 1,469 shares during the quarter. Amazon.com comprises 1.8% of Aletheian Wealth Advisors LLC’s holdings, making the stock its 11th largest holding. Aletheian Wealth Advisors LLC’s holdings in Amazon.com were worth $3,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $30,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth $46,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Steph & Co. purchased a new position in shares of Amazon.com during the first quarter worth $65,000. Finally, Advantage Trust Co purchased a new position in shares of Amazon.com during the fourth quarter worth $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Sanford C. Bernstein raised their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI lifted their target price on Amazon.com from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, TD Securities lifted their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $222.84.

Amazon.com Stock Up 0.9 %

AMZN opened at $191.60 on Friday. The stock has a market capitalization of $1.99 trillion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The business’s 50-day simple moving average is $178.54 and its 200-day simple moving average is $181.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued 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 firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s 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 sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s 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 sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. 10.80% of the stock is currently owned by corporate 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.