Aletheian Wealth Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aletheian Wealth Advisors LLC increased its stake in Amazon.com, Inc., according to its latest Form 13F filing with the SEC. (NASDAQ:AMZN) by 79.3% in the first quarter. The company owned 19,220 shares of the e-commerce giant after purchasing an additional 8,501 shares during the quarter. Amazon.com represents approximately 1.9% of Aletheian Wealth Advisors LLC’s portfolio, making it the 13th largest company. Aletheian Wealth Advisors LLC’s stake in Amazon.com was worth $3,467,000, according to its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings in the company. Vanguard Group Inc. increased its holdings in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Norges Bank acquired a new stake in Amazon.com shares worth approximately $17,700,551,000 during the fourth quarter. Northern Trust Corp increased its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, in the fourth quarter, Jennison Associates LLC increased its stake in shares of Amazon.com by 2.5%. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several research analysts have commented on AMZN stock. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. The Goldman Sachs Group raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on Amazon.com in a report on Wednesday, May 1. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1. Finally, Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a report issued on Wednesday, May 1. One investment analyst has rated the stock a hold, forty-three have rated the stock a buy, and one has given a strong buy rating. The consensus rating for the stock is a “Buy” and the average price target is $215.86, based on data from MarketBeat.

Check out our latest report on AMZN

Buying and selling confidential information

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, bringing the total value to $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in legal documents filed with the SEC, which are available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, bringing the total value to $3,771,048.96. Following the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in legal documents filed with the SEC, which are available at this link. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, bringing the total to $92,000.00. Following the transaction, the CEO now owns 131,600 shares of the company’s stock, valued at $24,214,400. Disclosure for this sale can be found here. Over the last three months, insiders have sold 61,838 shares of company stock worth $11,261,789. Insiders own 10.80% of the company’s shares.

Amazon.com pricing performance

Amazon.com shares opened on Monday at $193.25. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $199.84. The company has a 50-day moving average price of $183.87 and a 200-day moving average price of $173.28. The company has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. During the same period last year, the company reported earnings per share of $0.31. Amazon.com’s revenue increased 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will report earnings per share of $4.72 for the current fiscal year.

Amazon.com Company Profile

(free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Wall Street analysts predict growth

Buying and selling confidential information

Amazon.com pricing performance

Amazon.com Company Profile

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