Guardian Capital LP Invests $1.19 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 10th, 2023

Guardian Capital LP bought a new position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,514 shares of the e-commerce giant’s stock, valued at approximately $1,188,000.

Other hedge funds have also modified their holdings of the company. Bridgefront Capital LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC grew its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $258,000. My Personal CFO LLC bought a new position in Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com in the 1st quarter valued at $191,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Tigress Financial reiterated a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, February 3rd. Morgan Stanley increased their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $92.25 on Friday. The stock has a market capitalization of $945.31 billion, a price-to-earnings ratio of -341.67, a PEG ratio of 3.86 and a beta of 1.25. The business has a 50-day moving average of $95.71 and a 200-day moving average of $103.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

About Amazon.com

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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.