Seelaus Asset Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Seelaus Asset Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,313 shares of the e-commerce giant’s stock after purchasing an additional 1,637 shares during the quarter. Amazon.com makes up about 2.6% of Seelaus Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Seelaus Asset Management LLC’s holdings in Amazon.com were worth $2,631,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp grew its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Amazon.com during the 3rd quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com during the 4th quarter worth approximately $57,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Barclays raised their price target on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, April 24th. Finally, Monness Crespi & Hardt increased their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Stock Up 3.4 %

Amazon.com stock opened at $179.62 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.55 and a beta of 1.16. The stock has a fifty day simple moving average of $177.99 and a two-hundred day simple moving average of $158.98.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.30% of the company’s stock.

About Amazon.com

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.