EP Wealth Advisors LLC Has $150.34 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

EP Wealth Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 989,445 shares of the e-commerce giant’s stock after buying an additional 12,996 shares during the period. Amazon.com comprises approximately 1.9% of EP Wealth Advisors LLC’s holdings, making the stock its 8th largest position. EP Wealth Advisors LLC’s holdings in Amazon.com were worth $150,336,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter worth $43,000. Clarity Asset Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $46,000. Bruce G. Allen Investments LLC purchased a new position in Amazon.com in the fourth quarter worth $57,000. Finally, Advantage Trust Co purchased a new position in Amazon.com in the fourth quarter worth $68,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.1 %

AMZN traded down $0.17 during trading on Friday, hitting $183.66. 25,456,410 shares of the company’s stock traded hands, compared to its average volume of 31,943,300. The company’s 50 day simple moving average is $182.92 and its two-hundred day simple moving average is $170.19. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. UBS Group boosted their price objective on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Roth Mkm restated a “buy” rating and issued a $210.00 target price (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Piper Sandler boosted their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $213.82.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock worth $11,984,344 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.