Cliftonlarsonallen Wealth Advisors LLC Purchases 3,509 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cliftonlarsonallen Wealth Advisors LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,076 shares of the e-commerce giant's stock after buying an additional 3,509 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Amazon.com were worth $18,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Heritage Family Offices LLP bought a new position in shares of Amazon.com during the second quarter valued at approximately $206,000. Massachusetts Wealth Management increased its position in shares of Amazon.com by 3.9% during the second quarter. Massachusetts Wealth Management now owns 3,977 shares of the e-commerce giant's stock valued at $769,000 after buying an additional 151 shares during the period. JPL Wealth Management LLC increased its position in shares of Amazon.com by 17.5% during the second quarter. JPL Wealth Management LLC now owns 20,695 shares of the e-commerce giant's stock valued at $3,999,000 after buying an additional 3,076 shares during the period. Tandem Investment Advisors Inc. raised its stake in Amazon.com by 47.3% in the second quarter. Tandem Investment Advisors Inc. now owns 2,408 shares of the e-commerce giant's stock worth $465,000 after buying an additional 773 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its holdings in Amazon.com by 1.7% in the second quarter. Drive Wealth Management LLC now owns 28,618 shares of the e-commerce giant's stock worth $5,530,000 after buying an additional 491 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $3.48 during trading on Tuesday, hitting $238.90. 30,205,177 shares of the stock traded hands, compared to its average volume of 32,084,924. The company has a market capitalization of $2.51 trillion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. The firm has a 50-day simple moving average of $220.95 and a 200-day simple moving average of $197.72. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Amazon.com's revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets reissued an "outperform" rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Finally, HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.46.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company's stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 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.