Modera Wealth Management LLC Has $8.36 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Modera Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,480 shares of the e-commerce giant’s stock after purchasing an additional 640 shares during the quarter. Modera Wealth Management LLC’s holdings in Amazon.com were worth $8,356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMZN. State Street Corp grew its holdings 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 boosted its holdings in shares of Amazon.com by 1,838.8% in 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 buying an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% in 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 buying an additional 270,931,640 shares during the period. Northern Trust Corp boosted its holdings in shares of Amazon.com by 1,867.0% in 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 buying an additional 90,167,792 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Amazon.com by 1,909.7% in the second quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock valued at $4,219,876,000 after buying an additional 37,754,468 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMZN shares. Benchmark upped their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Mizuho upped their price target on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Rosenblatt Securities raised their target price on shares of Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Moffett Nathanson lowered their price target on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Finally, Wedbush increased their price objective on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Trading Down 1.6 %

Shares of AMZN stock opened at $116.25 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.19 trillion, a P/E ratio of 276.79, a price-to-earnings-growth ratio of 4.02 and a beta of 1.26. The stock has a 50 day simple moving average of $103.63 and a 200 day simple moving average of $97.03. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,019 shares of company stock worth $6,053,511. Corporate insiders own 12.30% of the company’s stock.

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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.