Wealth Science Advisors LLC Buys Shares of 12,321 Amazon.com, Inc. $AMZN

Wealth Science Advisors LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,321 shares of the e-commerce giant’s stock, valued at approximately $2,844,000. Amazon.com makes up approximately 1.6% of Wealth Science Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. State Street Corp boosted its stake in shares of Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock worth $83,805,794,000 after acquiring an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the 2nd quarter worth about $27,438,011,000. Finally, Northern Trust Corp boosted its stake in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark upped their price target on Amazon.com from $275.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Maxim Group upped their price target on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Arete Research upped their price target on Amazon.com from $285.00 to $301.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Raymond James Financial reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. Finally, Moffett Nathanson upped their price target on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $312.52.

Check Out Our Latest Analysis on AMZN

Amazon.com Price Performance

NASDAQ AMZN opened at $264.14 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a market capitalization of $2.84 trillion, a PE ratio of 31.60, a P/E/G ratio of 2.00 and a beta of 1.46. The stock has a 50-day simple moving average of $234.47 and a 200 day simple moving average of $230.67.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the sale, the chief executive officer owned 2,175,766 shares in the company, valued at approximately $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 190,593 shares of company stock worth $46,081,241 over the last quarter. 8.90% of the stock is currently owned by company insiders.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Read More

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.