Apella Capital LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,313 shares of the e-commerce giant’s stock after purchasing an additional 1,093 shares during the quarter. Apella Capital LLC’s holdings in Amazon.com were worth $8,338,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Bare Financial Services Inc lifted its stake in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Talisman Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after acquiring an additional 53 shares during the period. SWAN Capital LLC lifted its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after acquiring an additional 55 shares during the period. Hamel Associates Inc. lifted its stake in Amazon.com by 1.4% in the first quarter. Hamel Associates Inc. now owns 4,100 shares of the e-commerce giant’s stock worth $780,000 after acquiring an additional 55 shares during the period. Finally, Clifford Group LLC lifted its stake in Amazon.com by 0.4% in the first quarter. Clifford Group LLC now owns 13,605 shares of the e-commerce giant’s stock worth $2,589,000 after acquiring an additional 55 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $231.23 on Friday. The business’s 50 day moving average price is $227.68 and its 200 day moving average price is $209.23. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.25, a P/E/G ratio of 1.55 and a beta of 1.30. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Insider Transactions at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. Company insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Susquehanna upped their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Stifel Nicolaus upped their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Piper Sandler upped their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $263.30.
View Our Latest Analysis on Amazon.com
Amazon.com Profile
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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