Bell Investment Advisors Inc Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bell Investment Advisors Inc boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Commonwealth Financial Corp PA raised its holdings in shares of Amazon.com by 2.0% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 25,066 shares of the e-commerce giant’s stock valued at $4,671,000 after buying an additional 484 shares in the last quarter. True Vision MN LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $419,000. RPg Family Wealth Advisory LLC increased its position in shares of Amazon.com by 35.6% during the third quarter. RPg Family Wealth Advisory LLC now owns 60,937 shares of the e-commerce giant’s stock valued at $11,354,000 after buying an additional 15,984 shares during the period. CreativeOne Wealth LLC lifted its holdings in Amazon.com by 42.0% in the third quarter. CreativeOne Wealth LLC now owns 122,799 shares of the e-commerce giant’s stock worth $22,881,000 after buying an additional 36,345 shares during the period. Finally, BNP Paribas raised its holdings in Amazon.com by 10.7% in the third quarter. BNP Paribas now owns 456,471 shares of the e-commerce giant’s stock worth $85,335,000 after purchasing an additional 44,090 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Monday, December 16th. Evercore ISI boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Telsey Advisory Group raised their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Roth Mkm increased their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $222.11 on Wednesday. The stock’s fifty day moving average is $214.48 and its two-hundred day moving average is $194.73. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.34 trillion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $146.15 and a 52 week high of $233.00.

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

Insider Activity

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

Amazon.com 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.