Ruffer LLP grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 50.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,305,979 shares of the e-commerce giant’s stock after acquiring an additional 437,795 shares during the quarter. Amazon.com accounts for approximately 9.6% of Ruffer LLP’s holdings, making the stock its 2nd largest holding. Ruffer LLP’s holdings in Amazon.com were worth $248,475,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $25,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Up 4.3%
Shares of AMZN stock opened at $235.68 on Friday. 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 market cap of $2.51 trillion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.52 and a beta of 1.30. The stock has a 50 day simple moving average of $225.56 and a 200-day simple moving average of $208.09. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.
Insider Buying and Selling at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 9.70% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on AMZN. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Jefferies Financial Group lifted their target price on Amazon.com from $255.00 to $265.00 in a report on Wednesday, July 16th. Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $262.87.
Get Our Latest Analysis on AMZN
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.
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