Aletheian Wealth Advisors LLC Has $1.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Aletheian Wealth Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 58.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,453 shares of the e-commerce giant’s stock after selling 10,298 shares during the quarter. Amazon.com makes up approximately 0.8% of Aletheian Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Aletheian Wealth Advisors LLC’s holdings in Amazon.com were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter worth about $45,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth about $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.2 %

NASDAQ:AMZN opened at $218.16 on Thursday. The stock’s fifty day moving average price is $196.02 and its two-hundred day moving average price is $187.55. Amazon.com, Inc. has a 52-week low of $143.13 and a 52-week high of $220.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.41 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Scotiabank boosted their price target on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Company Profile

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.