Wealthfront Advisers LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthfront Advisers LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,031,367 shares of the e-commerce giant’s stock after buying an additional 48,118 shares during the period. Amazon.com accounts for 0.6% of Wealthfront Advisers LLC’s investment portfolio, making the stock its 27th biggest position. Wealthfront Advisers LLC’s holdings in Amazon.com were worth $196,228,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Northern Capital Management Inc. raised its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares in the last quarter. Balanced Wealth Group LLC increased its position in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after acquiring an additional 48 shares during the period. ETF Store Inc. increased its position in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after acquiring an additional 48 shares during the period. Talisman Wealth Advisors LLC increased its position in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after acquiring an additional 53 shares during the period. Finally, SWAN Capital LLC grew its stake in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.1%

Shares of AMZN opened at $221.47 on Wednesday. The business’s 50-day moving average price is $220.25 and its 200-day moving average price is $208.61. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market cap of $2.36 trillion, a PE ratio of 33.76, a P/E/G ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Analysts Set New Price Targets

AMZN has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Citigroup raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $262.45.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s 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 transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,101,037 shares of company stock worth $5,674,726,368. Company insiders own 10.80% of the company’s stock.

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.