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

Sycomore Asset Management grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 850 shares of the e-commerce giant’s stock after purchasing an additional 300 shares during the quarter. Sycomore Asset Management’s holdings in Amazon.com were worth $149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ridgecrest Wealth Partners LLC increased its position in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. boosted its stake in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Echo45 Advisors LLC increased its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. ShoreHaven Wealth Partners LLC raised its stake in shares of Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares during the last quarter. Finally, Boyd Wealth Management LLC lifted its holdings in shares of Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $200.00 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $185.99 and its 200-day moving average price is $174.63. The firm has a market cap of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.41 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.55.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,532,985 shares of company stock valued at $305,578,679. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Truist Financial upped their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI boosted their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $215.86.

Check Out Our Latest Stock Report on AMZN

Amazon.com Profile

(Free Report)

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.

Further Reading

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

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