Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Bell Investment Advisors Inc

Bell Investment Advisors Inc grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 3rd quarter, Holdings Channel reports. The firm owned 3,359 shares of the e-commerce giant’s stock after purchasing an additional 51 shares during the quarter. Bell Investment Advisors Inc’s holdings in Amazon.com were worth $626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC raised its stake in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. grew its holdings in shares of Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock worth $750,646,000 after buying an additional 3,865,485 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Amazon.com during the third quarter worth about $492,144,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, Mizuho upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.67.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 2.4 %

NASDAQ:AMZN opened at $222.11 on Wednesday. Amazon.com, Inc. has a 12-month low of $146.15 and a 12-month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $214.48 and its 200-day simple moving average is $194.73. The firm has a market cap of $2.34 trillion, a P/E ratio of 47.56, a PEG ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Company Profile

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.