Janney Capital Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 84,278 shares of the e-commerce giant’s stock, valued at approximately $10,986,000.
A number of other institutional investors have also made changes to their positions in the business. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% during the 1st 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 increased its position 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 worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp boosted its holdings in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its holdings in shares of Amazon.com by 24.8% during 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. Institutional investors own 57.96% of the company’s stock.
Amazon.com Trading Up 1.6 %
NASDAQ:AMZN opened at $128.56 on Wednesday. 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, Inc. has a one year low of $81.43 and a one year high of $145.86. The company has a market cap of $1.33 trillion, a PE ratio of 101.23, a PEG ratio of 1.90 and a beta of 1.24. The firm has a 50-day moving average of $132.95 and a 200-day moving average of $125.45.
Analyst Ratings Changes
Several equities analysts recently commented on AMZN shares. Canaccord Genuity Group upped their price target on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Piper Sandler increased their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Wedbush reaffirmed an “outperform” rating and set a $180.00 price target on shares of Amazon.com in a report on Wednesday, October 18th. BNP Paribas upgraded Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a research note on Friday, August 4th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $160.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.21.
View Our Latest Research Report on AMZN
Insider Buying and Selling
In other Amazon.com news, CEO Adam Selipsky sold 70,056 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total transaction of $9,798,032.16. Following the transaction, the chief executive officer now directly owns 104,864 shares in the company, valued at approximately $14,666,279.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 70,056 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the transaction, the chief executive officer now owns 104,864 shares of the company’s stock, valued at approximately $14,666,279.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,408,645 shares of company stock worth $55,208,288. 12.70% of the stock is owned by corporate insiders.
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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