Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 79.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,220 shares of the e-commerce giant's stock after buying an additional 8,501 shares during the period. Amazon.com accounts for about 1.9% of Aletheian Wealth Advisors LLC's portfolio, making the stock its 13th largest holding. Aletheian Wealth Advisors LLC's holdings in Amazon.com were worth $3,467,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC raised its stake in Amazon.com by 7.0% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 27,571 shares of the e-commerce giant's stock worth $4,973,000 after purchasing an additional 1,815 shares in the last quarter. TrueMark Investments LLC raised its position in shares of Amazon.com by 13.4% in the first quarter. TrueMark Investments LLC now owns 8,574 shares of the e-commerce giant's stock valued at $1,547,000 after buying an additional 1,014 shares in the last quarter. Sunpointe LLC boosted its stake in shares of Amazon.com by 0.9% in the first quarter. Sunpointe LLC now owns 20,213 shares of the e-commerce giant's stock valued at $3,646,000 after buying an additional 173 shares during the period. Sovereign Financial Group Inc. grew its position in Amazon.com by 19.4% during the first quarter. Sovereign Financial Group Inc. now owns 18,107 shares of the e-commerce giant's stock worth $3,266,000 after buying an additional 2,939 shares in the last quarter. Finally, Future Financial Wealth Managment LLC increased its stake in Amazon.com by 7.9% during the 1st quarter. Future Financial Wealth Managment LLC now owns 7,605 shares of the e-commerce giant's stock worth $1,372,000 after acquiring an additional 554 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AMZN shares. Rosenblatt Securities reissued a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. UBS Group raised their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. BMO Capital Markets boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. DA Davidson reissued a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Moffett Nathanson restated a "buy" rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $215.86.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now directly owns 59,500 shares of the company's stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock worth $12,180,239 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $3.95 during trading on Monday, hitting $197.20. 41,125,011 shares of the stock traded hands, compared to its average volume of 42,920,883. The stock has a market cap of $2.05 trillion, a price-to-earnings ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $199.84. The firm's fifty day moving average is $183.87 and its 200-day moving average is $173.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Research analysts expect that Amazon.com, Inc. will post 4.72 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.