Aviso Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,662 shares of the e-commerce giant’s stock after buying an additional 498 shares during the period. Amazon.com accounts for 3.1% of Aviso Wealth Management’s portfolio, making the stock its 7th largest position. Aviso Wealth Management’s holdings in Amazon.com were worth $5,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of AMZN. GAMMA Investing LLC boosted its position in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors grew its holdings in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Capital International Investors grew its holdings in shares of Amazon.com by 26.5% during the fourth quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the last quarter. Northern Trust Corp boosted its holdings in Amazon.com by 14.0% in the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock worth $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Amazon.com in the fourth quarter worth approximately $2,037,963,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $225.34 on Wednesday. The firm has a market cap of $2.40 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The firm’s 50 day simple moving average is $224.91 and its 200-day simple moving average is $207.92. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Insider Activity
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 25,095,411 shares of company stock worth $5,675,473,849 in the last 90 days. 10.80% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have commented on AMZN. Wells Fargo & Company upped their target price on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Piper Sandler raised their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $262.87.
Check Out Our Latest Stock Report on AMZN
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.
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