Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Lipe & Dalton

Lipe & Dalton grew its position in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 6,316.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,775 shares of the e-commerce giant’s stock after buying an additional 5,685 shares during the quarter. Lipe & Dalton’s holdings in Amazon.com were worth $613,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Elkhorn Partners Limited Partnership boosted its stake in Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after buying an additional 16 shares during the last quarter. Dravo Bay LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $72,000. Your Advocates Ltd. LLP boosted its holdings in Amazon.com by 28.0% in the first quarter. Your Advocates Ltd. LLP now owns 32 shares of the e-commerce giant’s stock valued at $104,000 after acquiring an additional 7 shares during the last quarter. FNY Investment Advisers LLC grew its position in Amazon.com by 3,900.0% during the first quarter. FNY Investment Advisers LLC now owns 40 shares of the e-commerce giant’s stock valued at $130,000 after acquiring an additional 39 shares during the period. Finally, Cordant Inc. acquired a new stake in Amazon.com during the first quarter worth about $150,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 4.3 %

Shares of AMZN opened at $100.79 on Friday. The stock’s 50-day moving average price is $113.93 and its 200 day moving average price is $118.35. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 92.51, a P/E/G ratio of 6.84 and a beta of 1.23. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Itau BBA Securities initiated coverage on shares of Amazon.com in a research report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. Citigroup decreased their price objective on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 28th. Piper Sandler decreased their price target on shares of Amazon.com from $175.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, Bank of America decreased their target price on Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $151.91.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the transaction, the senior vice president now owns 60,260 shares of the company’s stock, valued at approximately $8,738,302.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The disclosure for this sale can be found here. Insiders sold 322,013 shares of company stock valued at $15,858,230 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

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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.

See Also

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

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