Callan Family Office LLC Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 17th, 2023

Callan Family Office LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,072 shares of the e-commerce giant’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp boosted its stake in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its stake in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at $8,263,591,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Rosenblatt Securities lifted their price objective on Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Barclays dropped their price target on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Wolfe Research lifted their price target on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Finally, Evercore ISI dropped their price target on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.28.

Amazon.com Stock Performance

Amazon.com stock opened at $125.49 on Friday. The stock’s 50 day simple moving average is $112.74 and its two-hundred day simple moving average is $100.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a market cap of $1.29 trillion, a price-to-earnings ratio of 298.79, a PEG ratio of 2.46 and a beta of 1.26. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $120.61, for a total value of $482,440.00. Following the completion of the transaction, the chief executive officer now directly owns 568,301 shares in the company, valued at $68,542,783.61. The disclosure for this sale can be found here. Insiders have sold a total of 75,644 shares of company stock valued at $8,576,262 in the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

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.