Aprio Wealth Management LLC Purchases 2,641 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Aprio Wealth Management LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,060 shares of the e-commerce giant's stock after buying an additional 2,641 shares during the quarter. Aprio Wealth Management LLC's holdings in Amazon.com were worth $2,865,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the 3rd quarter worth approximately $45,000. Finally, Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Mizuho lifted their target price on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Benchmark lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Amazon.com from $197.00 to $212.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Finally, TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $247.72.

Amazon.com Stock Up 1.9 %

Amazon.com stock traded up $4.30 during mid-day trading on Wednesday, reaching $235.01. The company's stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The business's 50 day simple moving average is $218.73 and its 200 day simple moving average is $196.68. 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 12 month low of $151.61 and a 12 month high of $235.44. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

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 (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.39 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.