Accel Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the 2nd quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The company owned 32,694 shares of the e-commerce giant after buying an additional 3,221 shares during the period. Amazon.com accounts for about 2.5% of Accel Wealth Management’s holdings, making the stock its third-largest holding. Accel Wealth Management’s holdings in Amazon.com were worth $6,318,000, according to its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock recently. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. increased its holdings in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB acquired a new position in Amazon.com during the first quarter worth approximately $2,239,757,000. Capital World Investors increased its holdings in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant worth $5,295,899,000 after buying an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. 72.20% of the shares are currently held by institutional investors.

Insider activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,059,152 shares of the company’s stock, valued at $1,212,453,840. 10.80% of the shares are currently owned by insiders.

Amazon.com Price Performance

AMZN shares opened at $176.13 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.83 trillion, a price/earnings ratio of 49.34, a price/earnings/growth ratio of 1.32 and a beta of 1.15. The company’s 50-day moving average is $183.91 and its 200-day moving average is $180.85. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Wall Street analysts predict growth

Several research analysts have recently issued reports on shares of AMZN. Sanford C. Bernstein increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Truist Financial increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Jefferies Financial Group lowered their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities analyst has rated the stock with a hold rating, forty have given a buy rating, and one has given the company a strong buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $221.69.

Check out our latest report on AMZN

Amazon.com Profile

(Free Report)

Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscriptions 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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