Painted Porch Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,877 shares of the e-commerce giant’s stock after acquiring an additional 626 shares during the period. Painted Porch Advisors LLC’s holdings in Amazon.com were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bare Financial Services Inc grew its position in shares of Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the period. Cobblestone Asset Management LLC grew its position in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after purchasing an additional 50 shares during the period. Vista Investment Partners LLC lifted its stake in shares of Amazon.com by 0.9% in the second quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock worth $1,285,000 after buying an additional 52 shares in the last quarter. Stonekeep Investments LLC lifted its stake in shares of Amazon.com by 0.4% in the second quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant’s stock worth $3,030,000 after buying an additional 54 shares in the last quarter. Finally, SWAN Capital LLC lifted its stake in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 1.2%
Shares of AMZN stock opened at $219.57 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. The company 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 fifty-two week low of $161.38 and a fifty-two week high of $242.52.
Insider Buying and Selling
In other Amazon.com 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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 21,770,485 shares of company stock worth $4,938,795,968. Insiders own 10.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AMZN shares. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Wells Fargo & Company raised shares of Amazon.com from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $265.09.
Get Our Latest Stock Report 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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