Jackson Hole Capital Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,566 shares of the e-commerce giant’s stock after purchasing an additional 2,651 shares during the quarter. Amazon.com comprises approximately 1.6% of Jackson Hole Capital Partners LLC’s holdings, making the stock its 10th largest position. Jackson Hole Capital Partners LLC’s holdings in Amazon.com were worth $8,289,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Performance
Shares of AMZN opened at $228.84 on Friday. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a PEG ratio of 1.54 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. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The business has a fifty day moving average of $222.63 and a 200 day moving average of $208.07.
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 transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 25,012,284 shares of company stock valued at $5,656,976,492 over the last quarter. Company insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on AMZN shares. Bank of America boosted their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Barclays upped their price target on Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $262.87.
Read Our Latest Analysis on AMZN
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.
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