Amazon.com, Inc. (NASDAQ:AMZN) is Aurora Private Wealth Inc.’s 7th Largest Position

Aurora Private Wealth Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 15,910 shares of the e-commerce giant’s stock after acquiring an additional 461 shares during the quarter. Amazon.com makes up 2.3% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 7th biggest position. Aurora Private Wealth Inc.’s holdings in Amazon.com were worth $2,417,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the period. FMR LLC lifted its stake in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Jennison Associates LLC boosted its holdings in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Amazon.com during the 3rd quarter worth approximately $610,138,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup boosted their price objective on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday. Finally, Canaccord Genuity Group raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com Trading Up 0.8 %

NASDAQ:AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The company’s 50 day moving average price is $179.02 and its 200-day moving average price is $160.32. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. 10.80% of the stock is currently owned by 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.