Amazon.com, Inc. (NASDAQ:AMZN) is Platform Technology Partners’ 5th Largest Position

Posted by on Mar 21st, 2023

Platform Technology Partners boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,824 shares of the e-commerce giant’s stock after buying an additional 1,233 shares during the quarter. Amazon.com makes up about 2.2% of Platform Technology Partners’ holdings, making the stock its 5th biggest position. Platform Technology Partners’ holdings in Amazon.com were worth $4,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its stake in shares of Amazon.com by 4,540.0% during the 2nd 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 last quarter. Wells Financial Advisors INC increased its stake in shares of Amazon.com by 1,900.0% during the 2nd 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 last quarter. Knott David M Jr acquired a new position in Amazon.com in the 2nd quarter valued at $32,000. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC grew its stake in Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMZN shares. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research report on Thursday, March 16th. MKM Partners decreased their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Morgan Stanley raised their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, UBS Group raised their price target on shares of Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.72.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were 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 approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last quarter. 12.70% of the stock is owned by company insiders.

Amazon.com Trading Down 1.3 %

Shares of NASDAQ AMZN opened at $97.71 on Tuesday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a 50-day moving average of $97.22 and a two-hundred day moving average of $101.14. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.00 trillion, a PE ratio of -364.58, a P/E/G ratio of 4.06 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

Amazon.com Company 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.

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

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