Stephens Inc. AR grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.6% during the second quarter, HoldingsChannel reports. The fund owned 519,675 shares of the e-commerce giant’s stock after purchasing an additional 45,607 shares during the period. Amazon.com accounts for about 1.6% of Stephens Inc. AR’s investment portfolio, making the stock its 9th biggest holding. Stephens Inc. AR’s holdings in Amazon.com were worth $114,011,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Amazon.com during the second quarter worth about $11,102,000. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after buying an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC increased its position in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $514,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 0.3%
Shares of AMZN stock opened at $249.10 on Wednesday. The business’s fifty day moving average price is $228.25 and its 200 day moving average price is $219.87. The firm has a market capitalization of $2.66 trillion, a PE ratio of 37.97, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.
Analyst Upgrades and Downgrades
Several analysts recently commented on AMZN shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Citizens Jmp upped their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Pivotal Research boosted their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Bank of America increased their price objective on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $294.15.
Get Our Latest Report on Amazon.com
Insider Activity at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,084 shares of company stock valued at $29,405,457 in the last ninety days. Company insiders own 9.70% of the company’s stock.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service 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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