Buckingham Strategic Partners raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 46.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,359 shares of the e-commerce giant’s stock after buying an additional 24,294 shares during the period. Amazon.com accounts for 0.5% of Buckingham Strategic Partners’ holdings, making the stock its 27th largest holding. Buckingham Strategic Partners’ holdings in Amazon.com were worth $8,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC lifted its holdings in shares of Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 227 shares during the period. Wells Financial Advisors INC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Knott David M Jr acquired a new position in shares of Amazon.com during the second quarter worth $32,000. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the period. Finally, Baron Financial Group LLC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. UBS Group boosted their target price on shares of Amazon.com from $118.00 to $127.00 in a report on Friday, February 3rd. Telsey Advisory Group dropped their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, January 24th. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.87.
Amazon.com Stock Down 1.6 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its 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 analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Research analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 over the last three months. 12.70% of the stock is currently owned by insiders.
About Amazon.com
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.
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