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

Cliftonlarsonallen Wealth Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 208.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 82,567 shares of the e-commerce giant's stock after purchasing an additional 55,798 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Amazon.com were worth $15,385,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Investment Advisory Group LLC lifted its stake in Amazon.com by 2.0% during the 1st quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant's stock worth $4,111,000 after acquiring an additional 439 shares in the last quarter. Independent Family Office LLC purchased a new stake in Amazon.com during the first quarter worth about $209,000. M3 Advisory Group LLC lifted its position in shares of Amazon.com by 31.2% during the first quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant's stock worth $1,559,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Madison Wealth Partners Inc boosted its stake in shares of Amazon.com by 0.9% in the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant's stock valued at $3,186,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com 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 completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock worth $1,256,503,289 in the last ninety days. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMZN shares. Sanford C. Bernstein increased their target price 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. Piper Sandler increased their price target on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. JMP Securities boosted 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. Pivotal Research started coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a "buy" rating and a $260.00 target price on the stock. Finally, Morgan Stanley boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

Amazon.com Price Performance

Shares of AMZN stock traded up $5.19 during midday trading on Wednesday, reaching $214.10. 46,167,583 shares of the company traded hands, compared to its average volume of 41,422,066. The firm's 50 day simple moving average is $189.05 and its two-hundred day simple moving average is $185.15. The firm has a market cap of $2.25 trillion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $215.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business's revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

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.