Amplius Wealth Advisors LLC Has $2.67 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Amplius Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,051 shares of the e-commerce giant’s stock after purchasing an additional 425 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Amazon.com were worth $2,673,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Apella Capital LLC increased its holdings in shares of Amazon.com by 33.8% during the 1st quarter. Apella Capital LLC now owns 36,220 shares of the e-commerce giant’s stock worth $6,922,000 after acquiring an additional 9,154 shares during the last quarter. Triangle Securities Wealth Management increased its holdings in shares of Amazon.com by 0.5% during the 1st quarter. Triangle Securities Wealth Management now owns 17,316 shares of the e-commerce giant’s stock worth $3,295,000 after acquiring an additional 93 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Amazon.com by 1.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 80,150 shares of the e-commerce giant’s stock worth $15,249,000 after acquiring an additional 1,369 shares during the last quarter. Presilium Private Wealth LLC increased its holdings in shares of Amazon.com by 1.4% during the 1st quarter. Presilium Private Wealth LLC now owns 4,420 shares of the e-commerce giant’s stock worth $841,000 after acquiring an additional 63 shares during the last quarter. Finally, Clarus Wealth Advisors increased its holdings in shares of Amazon.com by 22.1% during the 1st quarter. Clarus Wealth Advisors now owns 5,473 shares of the e-commerce giant’s stock worth $1,046,000 after acquiring an additional 989 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Westpark Capital reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Rosenblatt Securities boosted their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Price Performance

Shares of AMZN stock opened at $212.10 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.25 trillion, a P/E ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. The business has a fifty day simple moving average of $195.47 and a 200 day simple moving average of $209.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company earned $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% 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.