Cypress Capital Management LLC WY Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Cypress Capital Management LLC WY raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,013 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the period. Cypress Capital Management LLC WY’s holdings in Amazon.com were worth $573,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. HS Management Partners LLC grew its holdings in Amazon.com by 30.5% during the 1st quarter. HS Management Partners LLC now owns 240,910 shares of the e-commerce giant’s stock valued at $45,836,000 after buying an additional 56,250 shares during the last quarter. AMG National Trust Bank raised its position in shares of Amazon.com by 1.2% in the 1st quarter. AMG National Trust Bank now owns 128,861 shares of the e-commerce giant’s stock worth $24,517,000 after buying an additional 1,588 shares during the period. Buckhead Capital Management LLC raised its position in Amazon.com by 1.1% in the first quarter. Buckhead Capital Management LLC now owns 24,459 shares of the e-commerce giant’s stock valued at $4,654,000 after purchasing an additional 277 shares during the period. ARQ Wealth Advisors LLC raised its position in Amazon.com by 18.8% in the first quarter. ARQ Wealth Advisors LLC now owns 3,436 shares of the e-commerce giant’s stock valued at $654,000 after purchasing an additional 543 shares during the period. Finally, Formidable Asset Management LLC raised its position in Amazon.com by 2.6% in the first quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock valued at $6,685,000 after purchasing an additional 889 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.0%

AMZN stock opened at $231.03 on Friday. The company has a market cap of $2.46 trillion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business’s 50-day simple moving average is $221.41 and its 200 day simple moving average is $208.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Robert W. Baird raised their target price on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Rosenblatt Securities boosted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Finally, Piper Sandler increased their target price on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $262.87.

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.