Simplify Asset Management Inc. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Simplify Asset Management Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,896 shares of the e-commerce giant’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. St. James Investment Advisors LLC increased its position in Amazon.com by 97.7% during the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after purchasing an additional 170 shares during the period. Laurel Wealth Planning LLC increased its position in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $38,000. Finally, Ruedi Wealth Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Roth Mkm raised their price objective on shares of Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research report on Friday, August 4th. Wedbush initiated coverage on shares of Amazon.com in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $180.00 price objective for the company. Truist Financial raised their price objective on shares of Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Wells Fargo & Company raised their price objective on shares of Amazon.com from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.87.

Amazon.com Stock Up 0.1 %

AMZN stock opened at $138.12 on Monday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The business’s 50-day moving average is $132.90 and its two-hundred day moving average is $116.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The company has a market cap of $1.43 trillion, a price-to-earnings ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. As a group, analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the sale, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,362,329 shares of company stock worth $48,508,072. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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