Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,769 shares of the e-commerce giant after purchasing an additional 3,864 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s shares of Amazon.com were worth $5,173,000, according to its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $30,000. Strid Group LLC purchased a new stake in Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC increased its shares in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Clarity Asset Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth approximately $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com during the 1st quarter worth approximately $65,000. Currently, 72.20% of the shares are held by institutional investors.

Analysts set new price targets

AMZN has been the subject of several analyst reports. Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Truist Financial increased their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Evercore ISI increased their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Citigroup increased their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price objective of $221.69.

Get our latest report on Amazon.com

Insider Activity on Amazon.com

In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, accessible at this link. In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, worth approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders sold a total of 6,059,152 shares of the company’s stock worth $1,212,453,840 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com shares drop 2.2%

AMZN shares opened at $176.13 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.83 trillion, a PE ratio of 49.34, a price-to-earnings growth ratio of 1.32 and a beta of 1.15. The company has a 50-day moving average of $183.91 and a 200-day moving average of $180.85.

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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Want to know which other hedge funds own AMZN shares? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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