Accel Wealth Management Has $6.32 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Accel Wealth Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,694 shares of the e-commerce giant's stock after purchasing an additional 3,221 shares during the quarter. Amazon.com makes up approximately 2.5% of Accel Wealth Management's portfolio, 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new stake in Amazon.com in the 1st quarter valued at $2,239,757,000. Capital World Investors grew its position in Amazon.com by 64.6% in the 1st 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 during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now directly owns 64,610 shares in the company, valued at approximately $11,686,656.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 6,107,817 shares of company stock worth $1,221,241,837 in the last three months. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Monness Crespi & Hardt lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Bank of America decreased their price objective on Amazon.com from $220.00 to $210.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Wedbush reaffirmed an "outperform" rating and issued a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a "buy" rating in a report on Monday, May 6th. Finally, Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average target price of $221.69.

Amazon.com Stock Up 0.5 %

Shares of NASDAQ AMZN traded up $0.91 during midday trading on Friday, reaching $177.04. The company's stock had a trading volume of 29,081,646 shares, compared to its average volume of 43,018,313. The stock has a 50 day simple moving average of $183.78 and a 200-day simple moving average of $180.90. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20.

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.