Cypress Funds LLC Buys 334,742 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cypress Funds LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 914.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 371,332 shares of the e-commerce giant’s stock after acquiring an additional 334,742 shares during the quarter. Amazon.com makes up 8.0% of Cypress Funds LLC’s holdings, making the stock its 4th largest holding. Cypress Funds LLC’s holdings in Amazon.com were worth $50,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Oakmont Corp grew its holdings in shares of Amazon.com by 1,890.4% during the second quarter. Oakmont Corp now owns 1,076,000 shares of the e-commerce giant’s stock valued at $114,282,000 after buying an additional 1,021,940 shares in the last quarter. Resource Planning Group grew its holdings in shares of Amazon.com by 2,106.2% during the second quarter. Resource Planning Group now owns 2,140 shares of the e-commerce giant’s stock valued at $227,000 after buying an additional 2,043 shares in the last quarter. Northern Capital Management Inc. grew its holdings in shares of Amazon.com by 2,963.2% during the second quarter. Northern Capital Management Inc. now owns 5,820 shares of the e-commerce giant’s stock valued at $618,000 after buying an additional 5,630 shares in the last quarter. Pavion Blue Capital LLC grew its holdings in shares of Amazon.com by 1,903.5% during the second quarter. Pavion Blue Capital LLC now owns 5,690 shares of the e-commerce giant’s stock valued at $625,000 after buying an additional 5,406 shares in the last quarter. Finally, Chatham Capital Group Inc. grew its holdings in shares of Amazon.com by 2,002.6% during the second quarter. Chatham Capital Group Inc. now owns 5,740 shares of the e-commerce giant’s stock valued at $610,000 after buying an additional 5,467 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. Truist Financial lowered their price target on Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Cowen lowered their target price on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Benchmark lowered their target price on Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. UBS Group boosted their target price on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Citigroup lowered their target price on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.59.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 345 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the sale, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,913 shares of company stock worth $10,977,635. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 2.3 %

AMZN stock opened at $98.49 on Tuesday. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $188.11. The firm has a market cap of $1.00 trillion, a P/E ratio of 90.40, a P/E/G ratio of 8.00 and a beta of 1.23. The business’s 50 day moving average is $113.35 and its 200-day moving average is $117.88. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

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 the consensus estimate 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 analyst estimates of $127.47 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

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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