Leavell Investment Management Inc. Purchases 2,246 Shares of Amazon.com, Inc. $AMZN

Leavell Investment Management Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,421 shares of the e-commerce giant’s stock after buying an additional 2,246 shares during the period. Amazon.com makes up about 0.9% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 19th largest position. Leavell Investment Management Inc.’s holdings in Amazon.com were worth $21,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter worth about $27,438,011,000. Nuveen LLC acquired a new position in Amazon.com in the first quarter worth about $11,674,091,000. Vanguard Group Inc. lifted its stake in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Laurel Wealth Advisors LLC lifted its stake in Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $238.62 on Wednesday. The stock has a 50-day simple moving average of $234.02 and a 200 day simple moving average of $229.94. The stock has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.52 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60.

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 47,061 shares of company stock valued at $10,351,262. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Wedbush reissued an “outperform” rating and issued a $340.00 target price on shares of Amazon.com in a report on Tuesday, January 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a research report on Thursday, December 4th. Stifel Nicolaus set a $300.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Tuesday, January 27th. UBS Group set a $311.00 target price on shares of Amazon.com in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $296.37.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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