Leavell Investment Management Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,990 shares of the e-commerce giant’s stock after purchasing an additional 4,466 shares during the quarter. Leavell Investment Management Inc.’s holdings in Amazon.com were worth $7,299,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Equity Partners raised its position in shares of Amazon.com by 162.4% during the 2nd quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after purchasing an additional 29,281 shares during the period. Next Level Private LLC acquired a new stake in Amazon.com in the 2nd quarter valued at approximately $1,044,000. Mayfair Advisory Group LLC increased its position in Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after acquiring an additional 488 shares during the period. Little House Capital LLC increased its position in Amazon.com by 6.3% in the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after acquiring an additional 2,251 shares during the period. Finally, Institute for Wealth Management LLC. boosted its stake in Amazon.com by 8.7% during the 1st quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after purchasing an additional 7,285 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Stock Up 0.2 %
AMZN stock opened at $128.26 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $134.54 and its 200 day simple moving average is $123.24. The company has a market cap of $1.32 trillion, a PE ratio of 100.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86.
Insider Activity
In other news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the transaction, the senior vice president now owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,408,145 shares of company stock worth $55,144,443. Insiders own 12.70% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of a number of research reports. StockNews.com initiated coverage on Amazon.com in a research note on Thursday, October 5th. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of Amazon.com in a research note on Thursday, September 28th. JMP Securities increased their price target on Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Benchmark raised their price objective on Amazon.com from $130.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Susquehanna raised their price objective on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $161.30.
View Our Latest Stock Report on Amazon.com
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.
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