Cushing Capital Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 26.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,381 shares of the e-commerce giant’s stock after buying an additional 287 shares during the quarter. Cushing Capital Partners LLC’s holdings in Amazon.com were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Tallon Kerry Patrick bought a new stake in Amazon.com during the 4th quarter valued at approximately $800,000. Capital & Planning LLC grew its holdings in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC grew its holdings in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares in the last quarter. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com during the 4th quarter valued at approximately $301,650,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 1.5%
Shares of NASDAQ AMZN opened at $223.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $206.44 and a two-hundred day simple moving average of $208.62. The firm has a market cap of $2.37 trillion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Insider Transactions at Amazon.com
In related news, insider Jeffrey P. Bezos sold 3,100,000 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares of the company’s stock, valued at $200,535,643,679.42. This represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,426,963 shares of company stock worth $757,297,707. Company insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the subject of several research analyst reports. Morgan Stanley cut their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a report on Monday, June 2nd. Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.60.
View Our Latest Report on Amazon.com
Amazon.com Company 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.
Recommended Stories
- Five stocks we like better than Amazon.com
- What is a penny stock? A comprehensive guide
- 3 Defense Leaders Set to Gain From Rising Military Spend
- Business Services Stocks Investing
- Why the Schwab Dividend ETF Rallied—and Can It Keep Climbing?
- What Do S&P 500 Stocks Tell Investors About the Market?
- MarketBeat Week in Review – 06/30 – 07/04
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.