Wealth Alliance Advisory Group LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Alliance Advisory Group LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,042.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,207 shares of the e-commerce giant’s stock after buying an additional 16,404 shares during the period. Amazon.com comprises 0.9% of Wealth Alliance Advisory Group LLC’s portfolio, making the stock its 23rd largest holding. Wealth Alliance Advisory Group LLC’s holdings in Amazon.com were worth $1,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.6% in the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after buying an additional 543,744 shares in the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after buying an additional 195,716 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Amazon.com by 14.0% in the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock worth $16,996,815,000 after buying an additional 639,231 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth approximately $14,053,756,000. Institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMZN shares. Canaccord Genuity Group upped their target price on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $163.00 to $150.00 in a research report on Wednesday, July 20th. Redburn Partners started coverage on shares of Amazon.com in a research report on Wednesday, June 29th. They set a “buy” rating and a $270.00 price objective on the stock. JMP Securities increased their price objective on shares of Amazon.com from $172.50 to $180.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Finally, Evercore ISI lowered their price objective on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.61.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $124.66 on Tuesday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The stock has a market capitalization of $1.27 trillion, a P/E ratio of 111.75, a PEG ratio of 5.51 and a beta of 1.33. The firm has a fifty day simple moving average of $129.52 and a two-hundred day simple moving average of $130.59. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at approximately $269,212,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock valued at $9,802,599 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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