S.A. Mason LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,025 shares of the e-commerce giant’s stock after acquiring an additional 216 shares during the quarter. S.A. Mason LLC’s holdings in Amazon.com were worth $1,102,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $2,153,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $219.57 on Wednesday. The business has a 50 day moving average price of $227.14 and a 200 day moving average price of $210.58. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.48 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on AMZN shares. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Barclays boosted their target price on Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Moffett Nathanson boosted their target price on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $265.09.
Read Our Latest Stock Analysis on Amazon.com
Insider Buying and Selling
In other Amazon.com 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 value of $960,666,409.97. Following the completion of the transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Corporate insiders own 10.80% of the company’s stock.
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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