Aaron Wealth Advisors LLC Has $8.72 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Aaron Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,807 shares of the e-commerce giant’s stock after purchasing an additional 9,932 shares during the period. Amazon.com makes up 1.0% of Aaron Wealth Advisors LLC’s holdings, making the stock its 15th biggest holding. Aaron Wealth Advisors LLC’s holdings in Amazon.com were worth $8,722,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after acquiring an additional 43,759 shares during the period. Quent Capital LLC lifted its stake in Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in Amazon.com by 1.6% during the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant’s stock worth $36,435,000 after purchasing an additional 3,094 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of Amazon.com by 2.4% in the 1st quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant’s stock valued at $12,045,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Amazon.com by 9.4% in the 1st quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant’s stock valued at $14,542,000 after purchasing an additional 6,929 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $201.70 on Tuesday. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14. The company’s fifty day moving average price is $191.69 and its two-hundred day moving average price is $185.93. Amazon.com, Inc. has a 1-year low of $141.50 and a 1-year high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. On average, analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $235.45.

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.