Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Cliftonlarsonallen Wealth Advisors LLC

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smith Anglin Financial LLC grew its stake in shares of Amazon.com by 3.3% in the fourth quarter. Smith Anglin Financial LLC now owns 44,987 shares of the e-commerce giant’s stock worth $9,870,000 after acquiring an additional 1,430 shares during the last quarter. Wiser Wealth Management Inc raised its holdings in shares of Amazon.com by 20.1% in the fourth quarter. Wiser Wealth Management Inc now owns 3,724 shares of the e-commerce giant’s stock valued at $817,000 after buying an additional 624 shares during the last quarter. Apella Capital LLC raised its holdings in shares of Amazon.com by 5.1% in the fourth quarter. Apella Capital LLC now owns 27,066 shares of the e-commerce giant’s stock valued at $5,938,000 after buying an additional 1,321 shares during the last quarter. Brendel Financial Advisors LLC increased its position in Amazon.com by 2.4% in the fourth quarter. Brendel Financial Advisors LLC now owns 13,455 shares of the e-commerce giant’s stock worth $2,952,000 after purchasing an additional 312 shares during the period. Finally, Founders Grove Wealth Partners LLC acquired a new stake in Amazon.com in the fourth quarter worth about $943,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Tigress Financial lifted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Loop Capital increased their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.46.

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $235.50 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $236.40. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $220.27 and a two-hundred day moving average price of $197.44. The firm has a market cap of $2.48 trillion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. 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 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on 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 owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.