Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Alera Investment Advisors LLC

Alera Investment Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,929 shares of the e-commerce giant’s stock after acquiring an additional 160 shares during the period. Amazon.com accounts for about 0.5% of Alera Investment Advisors LLC’s portfolio, making the stock its 23rd largest holding. Alera Investment Advisors LLC’s holdings in Amazon.com were worth $3,788,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC lifted its stake in Amazon.com by 11.8% during the fourth quarter. Advisory Alpha LLC now owns 26,890 shares of the e-commerce giant’s stock worth $4,086,000 after purchasing an additional 2,829 shares in the last quarter. Crown Wealth Group LLC lifted its stake in Amazon.com by 23.0% during the fourth quarter. Crown Wealth Group LLC now owns 17,285 shares of the e-commerce giant’s stock worth $2,626,000 after purchasing an additional 3,236 shares in the last quarter. Lewis Asset Management LLC acquired a new position in Amazon.com during the fourth quarter worth $3,693,000. Derbend Asset Management lifted its stake in Amazon.com by 3.5% during the fourth quarter. Derbend Asset Management now owns 12,922 shares of the e-commerce giant’s stock worth $1,963,000 after purchasing an additional 433 shares in the last quarter. Finally, Insight Advisors LLC PA lifted its stake in Amazon.com by 2.3% during the fourth quarter. Insight Advisors LLC PA now owns 45,274 shares of the e-commerce giant’s stock worth $6,879,000 after purchasing an additional 998 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock worth $5,505,798,456 over the last quarter. 12.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. UBS Group upped their price target on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. increased their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. JMP Securities increased their target price on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $202.80.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $174.63 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16. The firm’s fifty day simple moving average is $177.28 and its 200 day simple moving average is $156.83. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

About Amazon.com

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.