Three Seasons Wealth LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,094 shares of the e-commerce giant’s stock after buying an additional 365 shares during the quarter. Amazon.com makes up approximately 3.2% of Three Seasons Wealth LLC’s portfolio, making the stock its 8th biggest holding. Three Seasons Wealth LLC’s holdings in Amazon.com were worth $6,487,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Western Wealth Management LLC increased its position in shares of Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $514,000. Bearing Point Capital LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $12,014,000. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Keyvantage Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $2,735,000. 72.20% of the stock is currently owned by institutional investors.
Amazon.com Stock Down 1.4%
Shares of Amazon.com stock opened at $232.33 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.58 and a beta of 1.30. The company’s 50 day moving average price is $225.74 and its 200-day moving average price is $208.13.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Wedbush upped their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $262.87.
Insider Buying and Selling
In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. Insiders own 9.70% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Amazon.com
- How to Short a Stock in 5 Easy StepsĀ
- Why DocuSign Could Be a SaaS Value Play After Q2 Earnings
- Retail Stocks Investing, Explained
- Lululemon Share Price Has Plenty of Room Left to Fall
- What Are Dividend Challengers?
- Advanced Micro Devices’ 2026 Forecasts Are Way Too Low
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.