Aaron Wealth Advisors LLC Increases Holdings in Amazon.com, Inc. $AMZN

Aaron Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 79.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 103,917 shares of the e-commerce giant’s stock after purchasing an additional 46,147 shares during the period. Amazon.com makes up about 1.4% of Aaron Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position. Aaron Wealth Advisors LLC’s holdings in Amazon.com were worth $22,817,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. State Street Corp raised its stake in shares of Amazon.com by 1.4% in the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock worth $82,073,203,000 after purchasing an additional 5,163,208 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com in the 2nd quarter worth approximately $27,438,011,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $221.27 on Thursday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business has a 50-day moving average of $229.32 and a 200 day moving average of $225.23. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock worth $19,076,767 over the last ninety days. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a report on Thursday, December 11th. Bank of America lifted their price target on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Mizuho cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a report on Monday. Finally, KeyCorp reissued an “overweight” rating on shares of Amazon.com in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $295.50.

Amazon.com Company 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.