Alera Investment Advisors LLC Buys 160 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alera Investment Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,929 shares of the e-commerce giant’s stock after acquiring an additional 160 shares during the period. Amazon.com accounts for about 0.5% of Alera Investment Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Alera Investment Advisors LLC’s holdings in Amazon.com were worth $3,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.9% during the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 2.6 %

Shares of Amazon.com stock opened at $174.63 on Friday. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The firm’s 50-day moving average price is $177.28 and its two-hundred day moving average price is $156.83.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Corporate insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Robert W. Baird boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Evercore ISI boosted their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Barclays boosted their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $202.80.

About Amazon.com

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.