VanderPol Investments L.L.C. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,648 shares of the e-commerce giant’s stock after purchasing an additional 82 shares during the period. Amazon.com accounts for 1.2% of VanderPol Investments L.L.C.’s portfolio, making the stock its 23rd largest position. VanderPol Investments L.L.C.’s holdings in Amazon.com were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC acquired a new position in shares of Amazon.com during the first quarter valued at $11,674,091,000. Goldman Sachs Group Inc. lifted its stake in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi increased its position in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
AMZN opened at $244.22 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. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $250.50. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. The business’s 50-day moving average price is $225.49 and its two-hundred day moving average price is $215.83.
Insiders Place Their Bets
In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were 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 approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Telsey Advisory Group upped their target price on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial set a $290.00 price target on shares of Amazon.com in a research note on Friday. Oppenheimer increased their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the company an “outperform” rating in a report on Friday. UBS Group set a $310.00 target price on shares of Amazon.com in a report on Friday. Finally, Rosenblatt Securities upped their target price on shares of Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $289.88.
Read Our Latest Research Report on AMZN
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.
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