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
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.
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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