Aaron Wealth Advisors LLC Buys 46,147 Shares of Amazon.com, Inc. $AMZN

Aaron Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 79.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,917 shares of the e-commerce giant’s stock after buying an additional 46,147 shares during the period. Amazon.com comprises about 1.4% of Aaron Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Aaron Wealth Advisors LLC’s holdings in Amazon.com were worth $22,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter valued at $27,438,011,000. Nuveen LLC purchased a new position in Amazon.com in the 1st quarter worth $11,674,091,000. Vanguard Group Inc. lifted its stake in Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $221.27 on Thursday. The business’s 50-day simple moving average is $229.32 and its two-hundred day simple moving average is $225.23. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock has a market cap of $2.37 trillion, a PE ratio of 31.25, a P/E/G ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. This represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,234 shares of company stock valued at $19,076,767 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. BNP Paribas started coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Monness Crespi & Hardt raised their price objective on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research note on Tuesday, December 2nd. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, November 26th. Finally, Daiwa Capital Markets boosted their price target on Amazon.com from $254.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $295.50.

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.