ABC Arbitrage SA acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,933 shares of the e-commerce giant’s stock, valued at approximately $368,000.
Several other large investors have also recently modified their holdings of AMZN. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com in the fourth quarter worth $2,153,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 1.4%
Shares of NASDAQ AMZN opened at $232.33 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 stock has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a fifty day moving average price of $225.74 and a 200 day moving average price of $208.13.
Insider Activity
In related news, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
AMZN has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Cantor Fitzgerald increased their target price 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 increased their target price on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities increased their target price on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $262.87.
View Our Latest Stock Analysis on AMZN
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.
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