Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,807 shares of the e-commerce giant's stock after buying an additional 9,932 shares during the quarter. Amazon.com makes up about 1.0% of Aaron Wealth Advisors LLC's portfolio, making the stock its 15th biggest position. Aaron Wealth Advisors LLC's holdings in Amazon.com were worth $8,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PayPay Securities Corp increased its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter valued at $37,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com in the 1st quarter worth approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in Amazon.com during the second quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JMP Securities lifted their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. DA Davidson reiterated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Finally, Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $235.45.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,054,586 shares of company stock valued at $1,256,749,526 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.4 %

Shares of AMZN stock traded up $2.91 during mid-day trading on Tuesday, reaching $204.61. 30,921,727 shares of the company were exchanged, compared to its average volume of 41,560,453. The company has a market capitalization of $2.15 trillion, a P/E ratio of 43.81, a P/E/G ratio of 1.36 and a beta of 1.14. The business's 50 day simple moving average is $192.19 and its 200 day simple moving average is $186.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts predict that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

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.