DDFG Inc Acquires New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 18th, 2023

DDFG Inc acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,249 shares of the e-commerce giant’s stock, valued at approximately $273,000.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp raised its position in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.3 %

AMZN stock opened at $125.49 on Friday. The stock’s fifty day simple moving average is $112.74 and its two-hundred day simple moving average is $101.02. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The stock has a market cap of $1.29 trillion, a P/E ratio of 298.79, a P/E/G ratio of 2.47 and a beta of 1.26.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction 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 in the company, valued at $13,879,028.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now directly owns 138,320 shares in the company, valued at approximately $13,879,028.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total value of $2,529,487.25. Following the sale, the chief executive officer now owns 1,997,681 shares in the company, valued at $230,472,456.97. The disclosure for this sale can be found here. Insiders have sold a total of 75,644 shares of company stock worth $8,576,262 over the last ninety days. 12.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Moffett Nathanson lowered their price objective on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Truist Financial lifted their target price on Amazon.com from $142.00 to $144.00 in a report on Wednesday, April 12th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Wedbush lifted their target price on Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.28.

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.