Accel Wealth Management increases its stock position in Amazon.com, Inc. (NASDAQ:AMZN)

Accel Wealth Management increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,694 shares of the e-commerce giant’s stock after purchasing an additional 3,221 shares during the period. Amazon.com makes up about 2.5% of Accel Wealth Management’s holdings, making the stock its 3rd largest holding. Accel Wealth Management’s holdings in Amazon.com were worth $6,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at about $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB purchased a new position in Amazon.com in the first quarter valued at about $2,239,757,000. Capital World Investors boosted its holdings in shares of Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. 72.20% of shares are currently owned by institutional investors.

Indoor activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares in the company, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,059,152 shares of company stock worth $1,212,453,840. 10.80% of shares are currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN opened at $176.13 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87, and a current ratio of 1.07. The firm has a market cap of $1.83 trillion, a P/E ratio of 49.34, a P/E/G ratio of 1.32 and a beta of 1.15. The company’s fifty-day moving average is $183.91, and its 200-day moving average is $180.85. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $201.20.

Analysts on Wall Street are forecasting an increase

Several research analysts recently issued reports on AMZN shares. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Truist Financial boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Mizuho boosted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Jefferies Financial Group cut their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd . One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $221.69, according to MarketBeat.

Check out our latest report on AMZN

Amazon.com profile

(Free report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It also makes 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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