Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Gateway Investment Advisers LLC

Posted by Defense World Staff on Mar 25th, 2023

Gateway Investment Advisers LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,367,434 shares of the e-commerce giant’s stock after buying an additional 19,332 shares during the period. Amazon.com accounts for about 2.5% of Gateway Investment Advisers LLC’s portfolio, making the stock its 3rd largest position. Gateway Investment Advisers LLC’s holdings in Amazon.com were worth $198,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in AMZN. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC grew its stake 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 valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Wells Fargo & Company reduced their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Cowen increased their target price on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Telsey Advisory Group reduced 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. Benchmark raised their price objective on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, StockNews.com began coverage on shares of Amazon.com in a report on Thursday, March 16th. They issued a “hold” rating on the stock. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.72.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the firm’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 value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following 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. Over the last quarter, insiders sold 73,693 shares of company stock valued at $7,225,308. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $98.13 on Friday. The stock has a fifty day moving average price of $97.58 and a 200-day moving average price of $100.72. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -366.14, a PEG ratio of 4.16 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. 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). 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 the consensus estimate of $145.72 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.

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.

Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Gateway Investment Advisers LLC

Analyst Ratings Changes

Insider Activity

Amazon.com Stock Performance

Amazon.com Profile

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