Moss Adams Wealth Advisors LLC Buys 4,216 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Moss Adams Wealth Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,335 shares of the e-commerce giant's stock after buying an additional 4,216 shares during the period. Amazon.com accounts for approximately 0.9% of Moss Adams Wealth Advisors LLC's portfolio, making the stock its 16th biggest holding. Moss Adams Wealth Advisors LLC's holdings in Amazon.com were worth $8,245,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth about $51,000. Finally, Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.3%

Shares of AMZN opened at $209.69 on Monday. The company has a market capitalization of $2.23 trillion, a P/E ratio of 34.15, a PEG ratio of 1.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business's 50 day simple moving average is $198.41 and its 200-day simple moving average is $209.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. Amazon.com's revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,695 shares of the business'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 value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last quarter. Insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. Cantor Fitzgerald lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Truist Financial dropped their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.53.

Amazon.com Company 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.

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