Alps Advisors Inc. Has $12.67 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Alps Advisors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,601 shares of the e-commerce giant’s stock after acquiring an additional 182 shares during the quarter. Alps Advisors Inc.’s holdings in Amazon.com were worth $12,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $213.75 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.28 trillion, a PE ratio of 32.58, a PEG ratio of 1.45 and a beta of 1.31. The stock’s 50 day moving average price is $218.57 and its 200-day moving average price is $208.96. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,102,037 shares of company stock worth $5,674,937,048 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Tigress Financial boosted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. DA Davidson boosted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Mizuho reduced their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Susquehanna boosted their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.