Executive Wealth Management LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,110 shares of the e-commerce giant’s stock, valued at approximately $11,014,000. Amazon.com accounts for 0.9% of Executive Wealth Management LLC’s portfolio, making the stock its 29th biggest holding.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the third quarter valued at about $56,000. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Stock Down 0.3 %
NASDAQ:AMZN opened at $217.76 on Wednesday. Amazon.com, Inc. has a twelve month low of $149.91 and a twelve month high of $233.00. The company’s 50 day moving average is $217.02 and its two-hundred day moving average is $195.74. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.29 trillion, a PE ratio of 46.63, a P/E/G ratio of 1.54 and a beta of 1.14.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Redburn Atlantic increased their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen lifted their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wedbush upped their target price on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, Oppenheimer lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.65.
Read Our Latest Analysis on Amazon.com
Insider Activity
In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More
- Five stocks we like better than Amazon.com
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- What is the Hang Seng index?
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.