Axiom Investors LLC DE Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 1st, 2023

Axiom Investors LLC DE raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 907,794 shares of the e-commerce giant’s stock after purchasing an additional 142,140 shares during the quarter. Amazon.com accounts for approximately 2.2% of Axiom Investors LLC DE’s portfolio, making the stock its 17th largest position. Axiom Investors LLC DE’s holdings in Amazon.com were worth $102,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the first quarter worth $228,000. Krane Funds Advisors LLC grew its stake in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the first quarter worth $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the first quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the first quarter worth $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Up 0.5 %

Amazon.com stock opened at $94.23 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $94.46 and a two-hundred day moving average price of $105.15. The firm has a market capitalization of $965.60 billion, a price-to-earnings ratio of -351.59, a PEG ratio of 3.85 and a beta of 1.22. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders sold 67,394 shares of company stock valued at $6,619,426. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Oppenheimer upped their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Robert W. Baird raised their price objective on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Tigress Financial restated a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research report on Thursday, February 9th. Telsey Advisory Group decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 24th. Finally, Moffett Nathanson initiated coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.