Sendero Wealth Management LLC Has $5.94 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sendero Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,548 shares of the e-commerce giant’s stock after purchasing an additional 12,889 shares during the period. Amazon.com accounts for about 2.5% of Sendero Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Sendero Wealth Management LLC’s holdings in Amazon.com were worth $5,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. State Street Corp raised its position in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC raised its position in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp raised its position in Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc raised its position in Amazon.com by 1,944.4% during the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after purchasing an additional 57,043,701 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $97.52 on Tuesday. The stock has a 50-day moving average of $90.70 and a two-hundred day moving average of $110.10. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market cap of $994.87 billion, a P/E ratio of 89.51, a P/E/G ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,259,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,428 shares of company stock worth $5,077,578. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Oppenheimer decreased their price objective on Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Wedbush reduced their price target on Amazon.com from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Benchmark reduced their price target on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 28th. New Street Research began coverage on Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading

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

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