Grange Capital LLC Has $941,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Grange Capital LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,945 shares of the e-commerce giant’s stock after acquiring an additional 202 shares during the quarter. Amazon.com makes up 1.1% of Grange Capital LLC’s portfolio, making the stock its 27th biggest holding. Grange Capital LLC’s holdings in Amazon.com were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.1%

AMZN opened at $221.47 on Wednesday. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.76, a P/E/G ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm’s fifty day simple moving average is $220.25 and its 200 day simple moving average is $208.61. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Oppenheimer lowered their target price on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Rosenblatt Securities raised their price target on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Bank of America raised their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $262.45.

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.