EP Wealth Advisors LLC Has $206.62 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

EP Wealth Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,108,900 shares of the e-commerce giant’s stock after buying an additional 72,529 shares during the quarter. Amazon.com makes up approximately 1.8% of EP Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. EP Wealth Advisors LLC’s holdings in Amazon.com were worth $206,621,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Semus Wealth Partners LLC increased its stake in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares during the period. Bell Investment Advisors Inc increased its stake in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares during the period. O Connor Financial Group LLC increased its stake in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC increased its stake in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in shares of Amazon.com by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $218.46 on Tuesday. The company has a 50-day moving average price of $216.66 and a 200-day moving average price of $195.57. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 46.78, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $149.91 and a 52 week high of $233.00. 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) 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. 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on 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 sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Scotiabank lifted their price target on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Finally, Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.33.

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.