Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by Calamos Wealth Management LLC

Posted by Defense World Staff on Aug 14th, 2023

Calamos Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 282,126 shares of the e-commerce giant’s stock after acquiring an additional 22,343 shares during the quarter. Amazon.com makes up 2.3% of Calamos Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Calamos Wealth Management LLC’s holdings in Amazon.com were worth $29,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC boosted its position 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 buying an additional 79 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its position 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 worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp boosted its holdings in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the last quarter. 56.67% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $138.41 on Monday. The company’s 50 day simple moving average is $130.09 and its 200 day simple moving average is $112.73. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 108.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Amazon.com from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Piper Jaffray Companies increased their price target on Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research report on Friday, August 4th. Benchmark increased their price target on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity Group increased their price target on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $159.46.

Get Our Latest Stock Analysis on Amazon.com

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 16,800 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $116.69, for a total value of $1,960,392.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $5,717,810. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Brian T. Olsavsky sold 16,800 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $116.69, for a total transaction of $1,960,392.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $5,717,810. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,289,545 shares of company stock worth $37,421,157. Company insiders own 12.30% of the company’s stock.

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.