Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 501 shares of the e-commerce giant’s stock after purchasing an additional 4 shares during the period. Amazon.com comprises 0.4% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Inspirion Wealth Advisors LLC’s holdings in Amazon.com were worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. lifted its stake in Amazon.com by 106,580.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,555,096 shares of the e-commerce giant’s stock valued at $13,483,000 after acquiring an additional 7,548,014 shares during the period. Morgan Stanley lifted its stake in Amazon.com by 28.3% during the 4th quarter. Morgan Stanley now owns 6,252,720 shares of the e-commerce giant’s stock valued at $20,364,676,000 after acquiring an additional 1,377,328 shares during the period. Norges Bank acquired a new stake in Amazon.com during the 4th quarter valued at approximately $14,877,308,000. Nuveen Asset Management LLC lifted its stake in Amazon.com by 2.0% during the 4th quarter. Nuveen Asset Management LLC now owns 3,278,721 shares of the e-commerce giant’s stock valued at $10,678,564,000 after acquiring an additional 65,371 shares during the period. Finally, Jennison Associates LLC lifted its stake in Amazon.com by 4.1% during the 4th quarter. Jennison Associates LLC now owns 2,911,025 shares of the e-commerce giant’s stock valued at $9,481,005,000 after acquiring an additional 115,881 shares during the period. Institutional investors own 56.39% of the company’s stock.

AMZN has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $3,700.00 price objective on shares of Amazon.com in a research note on Thursday, April 8th. Oppenheimer boosted their target price on shares of Amazon.com from $3,700.00 to $4,100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Stifel Nicolaus boosted their target price on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Jefferies Financial Group boosted their target price on shares of Amazon.com from $3,800.00 to $4,000.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Finally, Credit Suisse Group boosted their target price on shares of Amazon.com from $3,940.00 to $3,950.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $3,930.88.

In related news, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total transaction of $1,131,639.00. Following the completion of the sale, the director now owns 1,984 shares in the company, valued at approximately $6,603,446.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the sale, the chief executive officer now owns 1,452 shares of the company’s stock, valued at approximately $4,730,441.76. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

Shares of AMZN stock opened at $3,399.44 on Friday. Amazon.com, Inc. has a fifty-two week low of $2,256.38 and a fifty-two week high of $3,552.25. The stock has a market cap of $1.71 trillion, a P/E ratio of 99.54, a P/E/G ratio of 2.37 and a beta of 1.19. The business has a fifty day simple moving average of $3,132.43 and a 200-day simple moving average of $3,187.10. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, beating analysts’ consensus estimates of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The business had revenue of $125.56 billion during the quarter, compared to analysts’ expectations of $119.73 billion. During the same quarter last year, the business posted $6.47 earnings per share. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 34.59 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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