Cypress Capital Group Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Aug 14th, 2023

Cypress Capital Group lifted its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,411 shares of the e-commerce giant’s stock after buying an additional 4,778 shares during the period. Cypress Capital Group’s holdings in Amazon.com were worth $5,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd grew its holdings 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 buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings 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 buying an additional 15 shares in the last quarter. Markel Corp grew its holdings in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its position in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. 56.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the transaction, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,289,545 shares of company stock valued at $37,421,157. 12.30% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.1 %

Shares of NASDAQ AMZN opened at $138.41 on Monday. The firm has a market capitalization of $1.42 trillion, a PE ratio of 108.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The firm’s 50-day moving average is $130.09 and its 200-day moving average is $112.73.

Analysts Set New Price Targets

A number of research firms have commented on AMZN. Wells Fargo & Company upped their target price on shares of Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. Evercore ISI increased their price target on shares of Amazon.com from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Sanford C. Bernstein upped their target price on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. JMP Securities increased their price target on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Redburn Partners increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $159.46.

Get Our Latest Stock Analysis on AMZN

Amazon.com Profile

(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.