SeaBridge Investment Advisors LLC Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

SeaBridge Investment Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,043 shares of the e-commerce giant’s stock after buying an additional 2,764 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Amazon.com were worth $3,045,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC lifted its stake in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the last quarter. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $57,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.3 %

NASDAQ:AMZN opened at $179.54 on Wednesday. The stock’s 50 day moving average price is $177.60 and its 200 day moving average price is $157.99. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Bank of America upped their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. Piper Sandler upped their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, April 10th. Finally, Canaccord Genuity Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $203.13.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by company insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.