Bell & Brown Wealth Advisors LLC Invests $238,000 in Amazon.com, Inc. (AMZN) Stock

Bell & Brown Wealth Advisors LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 140 shares of the e-commerce giant’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HC Financial Advisors Inc. acquired a new position in Amazon.com in the fourth quarter worth about $315,000. Commerce Bank raised its position in Amazon.com by 2.3% in the first quarter. Commerce Bank now owns 64,588 shares of the e-commerce giant’s stock worth $93,481,000 after purchasing an additional 1,458 shares in the last quarter. First National Bank of Omaha acquired a new position in Amazon.com in the first quarter worth about $3,749,000. Meeder Asset Management Inc. raised its position in Amazon.com by 13.9% in the first quarter. Meeder Asset Management Inc. now owns 11,455 shares of the e-commerce giant’s stock worth $16,579,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in Amazon.com by 5.0% in the first quarter. Adirondack Trust Co. now owns 1,908 shares of the e-commerce giant’s stock worth $2,988,000 after purchasing an additional 90 shares in the last quarter. 56.73% of the stock is owned by institutional investors and hedge funds.

In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Insiders have sold 37,272 shares of company stock worth $66,675,598 over the last three months. 16.30% of the stock is owned by insiders.

Several research analysts recently issued reports on AMZN shares. Royal Bank of Canada reissued a “$1,842.92” rating on shares of Amazon.com in a research report on Wednesday, July 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, July 19th. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, July 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $2,000.00 price objective (up previously from $1,950.00) on shares of Amazon.com in a report on Monday, July 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and forty-six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $2,091.53.

AMZN opened at $1,598.01 on Thursday. Amazon.com, Inc. has a one year low of $1,086.87 and a one year high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $803.28 billion, a PE ratio of 351.21, a P/E/G ratio of 3.20 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, equities analysts anticipate that Amazon.com, Inc. will post 18.68 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

Read More: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).

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

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.

Leave a Reply