12,785 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by BIP Wealth LLC

Posted by on Sep 6th, 2023

BIP Wealth LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,785 shares of the e-commerce giant’s stock, valued at approximately $1,327,000.

Other large investors have also recently bought and sold shares of the company. St. James Investment Advisors LLC increased its stake in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com in the 4th quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $38,000. Finally, Ruedi Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $40,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total value of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at approximately $71,952,441. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Insiders have sold 1,361,829 shares of company stock worth $48,444,937 over the last ninety days. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Tigress Financial increased their target price on Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. JMP Securities boosted their target price on shares of Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Piper Sandler raised their price target on shares of Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 24th. Bank of America boosted their price objective on Amazon.com from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Canaccord Genuity Group lifted their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Read Our Latest Stock Analysis on AMZN

Amazon.com Stock Performance

NASDAQ AMZN opened at $137.27 on Wednesday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63. The company has a fifty day moving average of $133.28 and a 200-day moving average of $116.83. The company has a market capitalization of $1.42 trillion, a P/E ratio of 108.09, a P/E/G ratio of 1.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, equities research analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

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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