Knights of Columbus Asset Advisors LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Knights of Columbus Asset Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 51.7% in the 2nd quarter, Holdings Channel reports. The firm owned 9,411 shares of the e-commerce giant’s stock after acquiring an additional 3,209 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Amazon.com were worth $1,227,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC increased its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring 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 valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in Amazon.com by 0.8% during the first 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 last quarter. Markel Corp increased its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock opened at $139.74 on Tuesday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $132.48 and its two-hundred day simple moving average is $127.10. The company has a market cap of $1.44 trillion, a PE ratio of 72.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at $14,750,889.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the sale, the chief executive officer now directly owns 106,520 shares in the company, valued at $14,750,889.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $133.98, for a total value of $535,920.00. Following the completion of the sale, the chief executive officer now owns 518,316 shares in the company, valued at $69,443,977.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,359,145 shares of company stock worth $48,229,508 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Truist Financial reduced their price objective on Amazon.com from $176.00 to $174.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Oppenheimer reissued an “outperform” rating and set a $170.00 price target on shares of Amazon.com in a report on Thursday, October 19th. TD Cowen boosted their price target on Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Benchmark boosted their price target on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Credit Suisse Group boosted their price target on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.80.

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.