Osprey Private Wealth LLC Takes $1.02 Million Position in Amazon.com, Inc. $AMZN

Osprey Private Wealth LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,655 shares of the e-commerce giant’s stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at about $27,000. Maryland Capital Advisors Inc. increased its position in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. bought a new stake in Amazon.com in the second quarter valued at approximately $48,000. Cooksen Wealth LLC lifted its position in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $59,000. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares in the company, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at $1,670,610. This represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMZN shares. Rothschild Redb downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. KeyCorp reissued an “overweight” rating on shares of Amazon.com in a research report on Friday, December 5th. TD Cowen reaffirmed a “buy” rating and set a $300.00 target price on shares of Amazon.com in a report on Thursday, December 11th. Guggenheim upgraded shares of Amazon.com to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, President Capital raised their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.50.

Get Our Latest Stock Analysis on AMZN

Amazon.com Stock Up 0.3%

Shares of AMZN opened at $227.35 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The firm’s 50 day moving average is $229.52 and its 200-day moving average is $225.65. The stock has a market capitalization of $2.43 trillion, a PE ratio of 32.11, a P/E/G ratio of 1.56 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

More Amazon.com News

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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