Creekside Partners Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Creekside Partners acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,585 shares of the e-commerce giant’s stock, valued at approximately $1,852,000. Amazon.com comprises 1.0% of Creekside Partners’ investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DGS Capital Management LLC raised its stake in Amazon.com by 39.0% during the first quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock worth $4,116,000 after acquiring an additional 6,401 shares during the period. Affiance Financial LLC boosted its position in Amazon.com by 4.3% during the 1st quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock worth $1,928,000 after acquiring an additional 436 shares during the period. S.A. Mason LLC lifted its holdings in Amazon.com by 11.5% in the first quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock worth $581,000 after purchasing an additional 332 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Amazon.com by 35.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock valued at $15,225,000 after acquiring an additional 21,998 shares in the last quarter. Finally, WealthCare Investment Partners LLC boosted its stake in Amazon.com by 11.8% during the 1st quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $190.83 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $128.56 and a 1-year high of $201.20. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 53.45, a PEG ratio of 1.38 and a beta of 1.14. The business’s fifty day moving average price is $183.94 and its 200-day moving average price is $183.57.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, equities analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Scotiabank initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 price target on the stock. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Finally, Pivotal Research started coverage on Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $236.76.

Check Out Our Latest Research Report on AMZN

Amazon.com Company 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.

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