Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Private Wealth Partners LLC

Posted by on Aug 14th, 2023

Private Wealth Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,082 shares of the e-commerce giant’s stock after buying an additional 1,201 shares during the quarter. Amazon.com accounts for about 4.0% of Private Wealth Partners LLC’s investment portfolio, making the stock its 6th largest position. Private Wealth Partners LLC’s holdings in Amazon.com were worth $40,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fiduciary Planning LLC increased its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC boosted its stake in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its stake in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares in the company, valued at approximately $19,291,530.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold 1,289,545 shares of company stock valued at $37,421,157 in the last 90 days. 12.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMZN. Robert W. Baird boosted their target price on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Bank of America boosted their target price on shares of Amazon.com from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Wolfe Research boosted their target price on shares of Amazon.com from $140.00 to $150.00 in a research note on Monday, July 10th. Wedbush boosted their target price on shares of Amazon.com from $146.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Jefferies Financial Group boosted their target price on shares of Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.46.

View Our Latest Research Report on AMZN

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $138.41 on Monday. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 108.99, a PEG ratio of 1.90 and a beta of 1.26. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The firm’s 50 day simple moving average is $130.09 and its 200-day simple moving average is $112.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Amazon.com Company Profile

(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.

See Also

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

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.