Aprio Wealth Management LLC Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Aprio Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 84 shares of the e-commerce giant’s stock, valued at approximately $276,000.

Other institutional investors have also modified their holdings of the company. Sphinx Trading LP purchased a new position in Amazon.com during the 3rd quarter worth $30,000. Lion Street Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $52,000. True Link Financial Advisors LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $72,000. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares in the last quarter. Finally, Newfound Research LLC boosted its holdings in shares of Amazon.com by 62.5% in the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares in the last quarter. 57.48% of the stock is currently owned by institutional investors.

AMZN opened at $3,580.41 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.42. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The company has a 50 day moving average of $3,409.89 and a two-hundred day moving average of $3,403.96. The company has a market cap of $1.82 trillion, a P/E ratio of 70.04, a P/E/G ratio of 3.84 and a beta of 1.11.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing analysts’ consensus estimates of $9.10 by ($2.98). Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The firm had revenue of $110.81 billion for the quarter, compared to analyst estimates of $111.66 billion. During the same period in the previous year, the firm posted $12.37 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 41.78 earnings per share for the current year.

Several brokerages have recently weighed in on AMZN. Oppenheimer lowered their target price on shares of Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, July 30th. Raymond James lowered their target price on shares of Amazon.com from $3,900.00 to $3,840.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Susquehanna Bancshares lowered their target price on shares of Amazon.com from $5,500.00 to $5,000.00 and set a “positive” rating on the stock in a report on Friday, July 30th. KeyCorp reiterated a “buy” rating and issued a $4,000.00 price objective on shares of Amazon.com in a research note on Tuesday, September 7th. Finally, Citigroup reduced their price objective on shares of Amazon.com from $4,175.00 to $4,100.00 and set a “buy” rating for the company in a research note on Tuesday, November 2nd. One research analyst has rated the stock with a hold rating and forty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $4,144.44.

In related news, Director Jonathan Rubinstein sold 271 shares of the company’s stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $3,700.00, for a total value of $1,002,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 492 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $3,676.00, for a total transaction of $1,808,592.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,498 shares of company stock worth $293,480,991. Corporate insiders own 14.00% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc 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 America-focused websites such as www.amazon.com and www.amazon.ca.

Further Reading: Catch-Up Contributions

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

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