180 Wealth Advisors LLC Has $17.79 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

180 Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,512 shares of the e-commerce giant's stock after buying an additional 2,681 shares during the quarter. Amazon.com comprises 2.8% of 180 Wealth Advisors LLC's holdings, making the stock its 4th biggest position. 180 Wealth Advisors LLC's holdings in Amazon.com were worth $17,792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirador Capital Partners LP boosted its stake in Amazon.com by 1.5% during the first quarter. Mirador Capital Partners LP now owns 99,801 shares of the e-commerce giant's stock valued at $18,988,000 after buying an additional 1,497 shares in the last quarter. Mechanics Bank Trust Department raised its position in Amazon.com by 6.9% in the first quarter. Mechanics Bank Trust Department now owns 66,327 shares of the e-commerce giant's stock worth $12,619,000 after acquiring an additional 4,309 shares in the last quarter. Kaizen Financial Strategies lifted its holdings in Amazon.com by 0.5% in the 1st quarter. Kaizen Financial Strategies now owns 17,683 shares of the e-commerce giant's stock valued at $3,364,000 after acquiring an additional 91 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Amazon.com by 0.6% during the 1st quarter. Rhumbline Advisers now owns 17,610,645 shares of the e-commerce giant's stock valued at $3,350,601,000 after purchasing an additional 98,512 shares in the last quarter. Finally, Aletheian Wealth Advisors LLC grew its stake in shares of Amazon.com by 11.9% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 9,034 shares of the e-commerce giant's stock worth $1,719,000 after purchasing an additional 964 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Westpark Capital reiterated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Price Performance

Shares of AMZN traded down $1.14 during mid-day trading on Friday, reaching $212.10. The company had a trading volume of 29,295,190 shares, compared to its average volume of 42,102,749. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.25 trillion, a P/E ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company's 50-day moving average is $194.64 and its 200-day moving average is $209.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period last year, the business earned $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.