Wealthcare Advisory Partners LLC Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthcare Advisory Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,407 shares of the e-commerce giant’s stock after buying an additional 21,998 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Amazon.com were worth $15,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Amazon.com by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after buying an additional 13,134,632 shares during the period. FMR LLC increased its stake in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth $17,700,551,000. Northern Trust Corp increased its stake in Amazon.com by 3.7% during the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after buying an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC grew its holdings in Amazon.com by 2.5% during the 4th quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after acquiring an additional 1,389,503 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock valued at $12,180,239 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Maxim Group decreased their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company raised their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup raised their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Barclays raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $215.86.

Amazon.com Stock Up 2.0 %

NASDAQ AMZN opened at $197.20 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company’s 50 day simple moving average is $183.87 and its 200 day simple moving average is $173.28. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The company has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15.

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

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.