Amazon.com, Inc. (NASDAQ:AMZN) is ADAMCAPITAL Gestao de Recursos Ltda.’s 3rd Largest Position

ADAMCAPITAL Gestao de Recursos Ltda. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,875 shares of the e-commerce giant’s stock after buying an additional 2,132 shares during the quarter. Amazon.com comprises approximately 12.1% of ADAMCAPITAL Gestao de Recursos Ltda.’s holdings, making the stock its 3rd largest position. ADAMCAPITAL Gestao de Recursos Ltda.’s holdings in Amazon.com were worth $51,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Gibson Wealth Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth $33,000. MBM Wealth Consultants LLC lifted its position in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after buying an additional 4 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in Amazon.com in the first quarter worth $38,000. William Allan LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $47,000. Finally, Cardinal Capital Management Inc. bought a new stake in shares of Amazon.com during the first quarter worth $49,000. 57.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Telsey Advisory Group lifted their target price on Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Truist Financial reiterated a “buy” rating and set a $175.00 target price on shares of Amazon.com in a research report on Friday, June 17th. DA Davidson reiterated a “buy” rating and set a $151.00 target price on shares of Amazon.com in a research report on Friday, August 5th. Stifel Nicolaus decreased their target price on Amazon.com from $190.00 to $185.00 in a research report on Friday, July 15th. Finally, Tigress Financial restated a “buy” rating and set a $232.00 price target on shares of Amazon.com in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.61.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now directly owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares in the company, valued at $66,933,291. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,108 shares of company stock valued at $9,736,335. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Up 1.4 %

Shares of NASDAQ:AMZN opened at $128.55 on Thursday. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The company has a market capitalization of $1.31 trillion, a PE ratio of 115.24, a PEG ratio of 5.95 and a beta of 1.33. The business has a 50 day moving average of $128.87 and a two-hundred day moving average of $131.26. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 0.99 EPS for the current year.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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