Lyell Wealth Management LP Maintains $19.05 Million Investment in Amazon.com, Inc.

Lyell Wealth Management LP has made a slight adjustment to its investment portfolio by reducing its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the third quarter. Following the sale of 1,252 shares, the investment firm held a total of 149,836 shares in the e-commerce behemoth. This move means Amazon.com remains a substantial part of Lyell Wealth Management LP's portfolio, comprising 2.6% and ranking as its 5th largest position. The value of Lyell's Amazon.com shares stood at approximately $19.05 million, according to the latest data from their SEC filings.

Investment Trends in Amazon.com

Diverse institutional investors and hedge funds have shown dynamic activity in their Amazon.com positions. For example, Kavar Capital Partners Group LLC increased its stakes by 7.6%, now holding 1,121 shares valued at around $3.65 million. Similarly, IFM Investors Pty Ltd expanded their holdings by 21.8%, bringing their total to 72,911 shares, which are currently worth an impressive $237.68 million. Other firms like Ironwood Wealth Management LLC., Markel Corp, and Leelyn Smith LLC also increased their investments in Amazon.com, signaling strong confidence among institutional investors in the company's prospects.

Amazon.com's Market Performance

Amazon.com's shares have been performing positively, with stock prices opening at $159.28 recently. The company boasts a robust market capitalization of $1.65 trillion and shows healthy financial ratios with a P/E ratio of 82.53, a P/E/G ratio of 1.52, and a beta of 1.16. The stability of Amazon.com can be observed through its consistent 50-day and 200-day moving averages. Amazon.com's financial strength is further reflected in their quarterly earnings, reporting a successful quarter with earnings per share of $1.00, surpassing the consensus estimate significantly.

Analyzing Amazon.com's Analyst Opinions

Analysts have been predominantly positive about Amazon.com, with upgrades and target price adjustments reflecting a bullish outlook. Multiple firms have retained a 'buy' rating, while increasing their price objectives for Amazon.com shares. Market consensus from analysts predicts a 'Buy' rating overall, with considerations for a strong buy indication from some quarters. This collective optimistic stance underpins the potential that investors and market specialists see in Amazon.com's continued growth and market performance.

Insider Transactions at Amazon.com

Recent insider activity within Amazon.com reveals that CEOs Adam Selipsky and Andrew R. Jassy have both engaged in selling portions of their stock holdings, though they still maintain significant shares in the company. These transaction disclosures are part of the mandatory filings with the SEC and offer insights into insider confidence and financial decisions.

About Amazon.com

Amazon.com, Inc. is a multinational company known for its extensive online retail operations. It covers a vast array of consumer products and subscriptions, with operations spanning North America and other international markets. Besides retail, Amazon.com also includes Amazon Web Services (AWS), a leading player in the cloud computing industry. Amazon's retail and technological foothold indicates a diverse and expanding company profile.

Amazon, investment, LyellWealthManagement