Blue Bell Private Wealth Management LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Blue Bell Private Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,081 shares of the e-commerce giant’s stock after buying an additional 113 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Amazon.com were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd lifted its stake in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp raised its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its stake in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $159.00 on Wednesday. The company has a market capitalization of $1.64 trillion, a PE ratio of 82.38, a P/E/G ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $161.73. The company has a 50-day simple moving average of $151.09 and a 200-day simple moving average of $140.24. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $139.00, for a total transaction of $69,500.00. Following the completion of the sale, the chief executive officer now directly owns 103,020 shares in the company, valued at approximately $14,319,780. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $139.00, for a total value of $69,500.00. Following the completion of the transaction, the chief executive officer now directly owns 103,020 shares of the company’s stock, valued at approximately $14,319,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total value of $3,128,961.78. Following the sale, the chief executive officer now owns 2,064,055 shares in the company, valued at $294,458,086.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,829 shares of company stock worth $8,877,353. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Truist Financial reaffirmed a “buy” rating and issued a $176.00 target price on shares of Amazon.com in a research report on Wednesday, November 29th. Oppenheimer upped their target price on shares of Amazon.com from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Piper Sandler raised their price target on shares of Amazon.com from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, December 14th. Rosenblatt Securities boosted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, The Goldman Sachs Group reduced their price objective on Amazon.com from $180.00 to $175.00 in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $176.56.

Check Out Our Latest Analysis on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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