Wealthfront Advisers LLC Has $196.23 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthfront Advisers LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,031,367 shares of the e-commerce giant's stock after purchasing an additional 48,118 shares during the quarter. Amazon.com comprises about 0.6% of Wealthfront Advisers LLC's portfolio, making the stock its 27th biggest holding. Wealthfront Advisers LLC's holdings in Amazon.com were worth $196,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Raymond James Financial restated an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Morgan Stanley reiterated an "overweight" rating and issued a $300.00 target price on shares of Amazon.com in a report on Thursday. Monness Crespi & Hardt upped their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Susquehanna upped their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $262.87.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This represents a 0.30% 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, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,096,253 shares of company stock worth $5,673,745,409 in the last 90 days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.68 during trading hours on Friday, reaching $230.30. 26,588,843 shares of the company's stock were exchanged, compared to its average volume of 44,860,145. The business has a fifty day moving average price of $221.06 and a 200-day moving average price of $208.69. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.12, a P/E/G ratio of 1.51 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com's revenue was up 13.3% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.