Ameliora Wealth Management Ltd. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 53.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,571 shares of the e-commerce giant’s stock after purchasing an additional 5,419 shares during the period. Amazon.com comprises approximately 1.2% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 21st biggest position. Ameliora Wealth Management Ltd.’s holdings in Amazon.com were worth $3,416,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Western Wealth Management LLC raised its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd raised its stake in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after acquiring an additional 63,924 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. raised its stake in Amazon.com by 5.3% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 84,116 shares of the e-commerce giant’s stock worth $18,454,000 after acquiring an additional 4,265 shares during the period. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 1.4%
AMZN stock opened at $224.21 on Friday. The firm has a fifty day moving average price of $225.10 and a 200 day moving average price of $213.97. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week 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. The firm has a market cap of $2.39 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28.
Analysts Set New Price Targets
AMZN has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Susquehanna raised their target price 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. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. 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 research note on Friday, June 27th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $268.69.
Insider Transactions at Amazon.com
In related news, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,911 shares of company stock valued at $21,765,202 in the last 90 days. Company insiders own 9.70% of the company’s stock.
Amazon.com Company 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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