Allworth Financial LP Has $29.90 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Allworth Financial LP lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 61.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,781 shares of the e-commerce giant’s stock after buying an additional 75,143 shares during the quarter. Allworth Financial LP’s holdings in Amazon.com were worth $29,899,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Mayflower Financial Advisors LLC boosted its stake in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC boosted its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in Amazon.com during the 4th quarter worth approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. Raymond James lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $202.80.

Amazon.com Price Performance

NASDAQ:AMZN opened at $174.63 on Monday. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.82 trillion, a P/E ratio of 60.22, a P/E/G ratio of 1.52 and a beta of 1.16. The firm’s fifty day moving average price is $177.28 and its two-hundred day moving average price is $157.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Corporate insiders own 12.30% of the company’s stock.

About Amazon.com

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.