TD Capital Management LLC Has $342,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Aug 8th, 2023

TD Capital Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,315 shares of the e-commerce giant’s stock after purchasing an additional 400 shares during the quarter. TD Capital Management LLC’s holdings in Amazon.com were worth $342,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. USAdvisors Wealth Management LLC lifted its position in shares of Amazon.com by 12.5% in the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after purchasing an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $426,000. Veritas Asset Management LLP raised its position in Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after acquiring an additional 1,286,797 shares in the last quarter. Mayfair Advisory Group LLC raised its position in Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after acquiring an additional 488 shares in the last quarter. Finally, Sarasin & Partners LLP raised its position in Amazon.com by 0.7% during the fourth quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after acquiring an additional 17,993 shares in the last quarter. Institutional investors own 56.67% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $142.22 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $128.34 and its two-hundred day simple moving average is $111.22. 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 $1.46 trillion, a PE ratio of 111.99, a price-to-earnings-growth ratio of 2.67 and a beta of 1.26.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMZN shares. Needham & Company LLC upped their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley upped their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. Loop Capital upped their price objective on shares of Amazon.com from $140.00 to $180.00 in a report on Thursday, June 22nd. Finally, Sanford C. Bernstein upped their price objective on shares of Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.89.

Check Out Our Latest Analysis on Amazon.com

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 21,925 shares of Amazon.com stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the sale, the chief executive officer now directly owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the sale, the chief executive officer now owns 150,120 shares in the company, valued at $16,562,739.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,305 shares of company stock worth $8,606,808. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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