Talon Private Wealth LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,720 shares of the e-commerce giant’s stock, valued at approximately $3,274,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RDST Capital LLC raised its position in shares of Amazon.com by 4.3% during the first quarter. RDST Capital LLC now owns 324,980 shares of the e-commerce giant’s stock valued at $67,684,000 after buying an additional 13,375 shares during the last quarter. Resources Management Corp CT ADV grew its position in Amazon.com by 20.4% during the first quarter. Resources Management Corp CT ADV now owns 37,224 shares of the e-commerce giant’s stock worth $7,753,000 after buying an additional 6,311 shares in the last quarter. ROI Financial Advisors LLC increased its stake in Amazon.com by 0.7% during the first quarter. ROI Financial Advisors LLC now owns 32,272 shares of the e-commerce giant’s stock valued at $6,721,000 after acquiring an additional 219 shares during the period. Regal Partners Ltd increased its stake in Amazon.com by 1.1% during the first quarter. Regal Partners Ltd now owns 98,911 shares of the e-commerce giant’s stock valued at $20,600,000 after acquiring an additional 1,051 shares during the period. Finally, EdgePoint Investment Group Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $280,148,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Up 1.3%
Shares of NASDAQ AMZN opened at $278.09 on Tuesday. The stock has a market cap of $3.00 trillion, a PE ratio of 22.37, a PEG ratio of 1.83 and a beta of 1.45. The business has a fifty day moving average of $246.69 and a two-hundred day moving average of $237.78. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.
Wall Street Analyst Weigh In
A number of analysts have commented on AMZN shares. UBS Group set a $318.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $328.00 price target (up from $322.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Truist Financial boosted their price target on shares of Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $322.56.
Get Our Latest Research Report on AMZN
Key Stories Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon’s recent earnings breakout is attracting continued investor interest. Renewed AWS growth and accelerating AI demand could support earnings momentum and a post-earnings drift higher. Amazon: A Post-Earnings Drift Candidate
- Positive Sentiment: Analysts and market commentators point to accelerating cloud revenue as a potential long-term driver that could help Amazon grow beyond its recently achieved $3 trillion market capitalization. Amazon Just Joined the $3 Trillion Club
- Positive Sentiment: A reported institutional and retail “Power Inflow” alert provided a short-term bullish trading signal, helping reinforce buying momentum in AMZN. Amazon Shares Up After Key Trading Signal
- Positive Sentiment: Amazon’s Zoox robotaxi subsidiary began paid rides in Las Vegas after receiving a federal commercial exemption, marking a meaningful commercialization milestone for the company’s autonomous-vehicle investment. Zoox to Begin Paid Rides
- Positive Sentiment: Amazon Pharmacy is offering eligible Medicare patients access to certain weight-loss drugs for $50 per month, potentially expanding customer engagement and the company’s healthcare presence. Amazon Pharmacy Rolls Out Low-Cost Weight-Loss Drugs
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,370 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.39, for a total value of $1,671,424.30. Following the completion of the transaction, the chief executive officer directly owned 486,527 shares in the company, valued at $127,659,819.53. The trade was a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 77,867 shares of company stock valued at $20,532,092. 8.90% of the stock is owned by company insiders.
Amazon.com Profile
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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