Adero Partners LLC Has $4.08 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Adero Partners LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,107 shares of the e-commerce giant’s stock after acquiring an additional 65 shares during the quarter. Adero Partners LLC’s holdings in Amazon.com were worth $4,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of Amazon.com by 291.8% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after buying an additional 21,595 shares during the period. Valley Brook Capital Group Inc. increased its position in shares of Amazon.com by 11.3% during the fourth quarter. Valley Brook Capital Group Inc. now owns 9,919 shares of the e-commerce giant’s stock worth $1,507,000 after buying an additional 1,009 shares during the period. Metis Global Partners LLC increased its position in shares of Amazon.com by 15.5% during the fourth quarter. Metis Global Partners LLC now owns 500,981 shares of the e-commerce giant’s stock worth $76,119,000 after buying an additional 67,089 shares during the period. Clifford Swan Investment Counsel LLC increased its position in shares of Amazon.com by 0.3% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 177,319 shares of the e-commerce giant’s stock worth $26,942,000 after buying an additional 583 shares during the period. Finally, Spire Wealth Management increased its position in shares of Amazon.com by 3.5% during the fourth quarter. Spire Wealth Management now owns 372,327 shares of the e-commerce giant’s stock worth $57,837,000 after buying an additional 12,652 shares during the period. 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 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.0 %

AMZN opened at $193.96 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50-day moving average is $178.59 and its 200 day moving average is $182.35. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 54.33, a PEG ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Tigress Financial increased their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Piper Sandler cut their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. UBS Group increased their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average target price of $222.84.

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.