Bell Investment Advisors Inc Acquires 974 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 68.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,405 shares of the e-commerce giant’s stock after purchasing an additional 974 shares during the quarter. Bell Investment Advisors Inc’s holdings in Amazon.com were worth $248,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. boosted its position in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Fiduciary Planning LLC lifted its holdings in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC lifted its holdings 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 worth $1,717,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners lifted its holdings 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 worth $552,000 after purchasing an additional 6 shares during the period. 57.96% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $138.12 on Monday. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 108.76, a PEG ratio of 1.76 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $132.90 and its 200 day moving average is $116.27. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Wolfe Research boosted their target price on shares of Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $145.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Benchmark boosted their target price on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Mizuho boosted their target price on shares of Amazon.com from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $160.87.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares in the company, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the sale, the chief executive officer now directly owns 151,780 shares in the company, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,362,329 shares of company stock worth $48,508,072. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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.