Amazon.com, Inc. (NASDAQ:AMZN) is Wealth Advisory Solutions LLC’s 8th Largest Position

Wealth Advisory Solutions LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,222 shares of the e-commerce giant’s stock after purchasing an additional 10,448 shares during the period. Amazon.com comprises approximately 2.9% of Wealth Advisory Solutions LLC’s holdings, making the stock its 8th biggest holding. Wealth Advisory Solutions LLC’s holdings in Amazon.com were worth $11,077,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,266,582,000. GAMMA Investing LLC boosted its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. boosted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Capital International Investors boosted its position in Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock worth $12,564,961,000 after acquiring an additional 12,000,745 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $211.65 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm’s fifty day moving average price is $218.42 and its 200 day moving average price is $208.93.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, research 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 news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. BMO Capital Markets raised their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Susquehanna lifted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Cowen reiterated a “buy” rating on shares of Amazon.com in a report on Friday. Finally, Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Company 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.