Wiley BROS. Aintree Capital LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Jun 20th, 2023

Wiley BROS. Aintree Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,663 shares of the e-commerce giant’s stock after purchasing an additional 460 shares during the period. Amazon.com comprises 0.7% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 29th biggest position. Wiley BROS. Aintree Capital LLC’s holdings in Amazon.com were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Fiduciary Planning LLC raised its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its position in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its position in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its position in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Amazon.com in a research report on Thursday, April 20th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $125.00 to $140.00 in a research report on Wednesday, May 31st. Evercore ISI cut their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, April 3rd. Finally, UBS Group boosted their price objective on shares of Amazon.com from $130.00 to $150.00 in a research report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $145.28.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $102.25, for a total transaction of $409,000.00. Following the completion of the sale, the chief executive officer now directly owns 556,298 shares in the company, valued at $56,881,470.50. The disclosure for this sale can be found here. Insiders have sold 73,345 shares of company stock valued at $8,345,580 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.3 %

NASDAQ AMZN opened at $125.49 on Tuesday. The company’s fifty day simple moving average is $113.20 and its 200-day simple moving average is $101.27. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.29 trillion, a P/E ratio of 298.79, a PEG ratio of 2.44 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its 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. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.

Amazon.com Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.