Signature Wealth Management Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,081 shares of the e-commerce giant’s stock after purchasing an additional 1,490 shares during the quarter. Amazon.com accounts for 2.3% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 10th largest holding. Signature Wealth Management Partners LLC’s holdings in Amazon.com were worth $2,487,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its holdings 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 valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Amazon.com by 0.8% during 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 purchasing an additional 15 shares during the period. Markel Corp boosted its stake in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% in the first 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 during the period. 56.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have issued reports on AMZN shares. Rosenblatt Securities upgraded Amazon.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Moffett Nathanson dropped their target price on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a research note on Monday, April 24th. Credit Suisse Group lifted their price target on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. StockNews.com raised Amazon.com from a “hold” rating to a “buy” rating in a report on Monday. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $157.89.
Insiders Place Their Bets
In related news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the sale, the chief executive officer now owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $13,846,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the sale, the chief executive officer now owns 150,120 shares in the company, valued at approximately $16,562,739.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,305 shares of company stock worth $15,656,808. 12.70% of the stock is currently owned by company insiders.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $139.94 on Wednesday. The stock has a market cap of $1.44 trillion, a price-to-earnings ratio of 110.19, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The stock has a 50 day moving average price of $128.78 and a 200-day moving average price of $111.56. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57.
About Amazon.com
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.
Read More
- Five stocks we like better than Amazon.com
- How to Use the MarketBeat Dividend Calculator
- 5 Best Fintech Stocks to Buy Now
- Overbought Stocks Explained: Should You Trade Them?
- UPS Slipping To More Attractive Levels On Weak OutlookÂ
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- More Good News Coming? GoodRx Spikes Ahead of Q2 Earnings
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
