Aspen Capital Management LLC Acquires New Holdings in Amazon.com, Inc. $AMZN

Aspen Capital Management LLC acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 5,624 shares of the e-commerce giant’s stock, valued at approximately $1,070,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter valued at about $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Truist Financial lifted their price target on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Evercore ISI reiterated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $231.03 on Monday. The stock has a market cap of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a fifty day moving average price of $221.41 and a two-hundred day moving average price of $208.26. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released 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 business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.