AE Wealth Management LLC Has $103.11 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

AE Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,447.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 970,809 shares of the e-commerce giant’s stock after buying an additional 932,699 shares during the quarter. Amazon.com comprises approximately 0.8% of AE Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. AE Wealth Management LLC’s holdings in Amazon.com were worth $103,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted its stake in shares of Amazon.com by 1,764.2% in the 2nd quarter. Jennison Associates LLC now owns 48,142,889 shares of the e-commerce giant’s stock valued at $5,113,256,000 after purchasing an additional 45,560,351 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after buying an additional 543,744 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Amazon.com by 1,923.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after buying an additional 26,375,927 shares during the period. New York State Teachers Retirement System raised its stake in Amazon.com by 1,895.2% during the 2nd quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock worth $1,099,172,000 after buying an additional 9,830,359 shares during the period. Finally, Brown Advisory Inc. raised its stake in Amazon.com by 1,644.6% during the 2nd quarter. Brown Advisory Inc. now owns 9,685,141 shares of the e-commerce giant’s stock worth $1,202,879,000 after buying an additional 9,129,976 shares during the period. 57.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $175.00 price target on shares of Amazon.com in a research note on Thursday, August 4th. Barclays decreased their price objective on Amazon.com from $200.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Tigress Financial decreased their price objective on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Rosenblatt Securities decreased their price objective on Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Monday, November 14th. Finally, Robert W. Baird decreased their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at $11,505,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,412 shares of company stock worth $7,914,139. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $94.14 on Monday. The firm has a market capitalization of $960.38 billion, a P/E ratio of 86.41, a P/E/G ratio of 7.48 and a beta of 1.23. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $110.68 and its 200 day simple moving average is $117.08.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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