Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by YHB Investment Advisors Inc.

Posted by on Aug 25th, 2023

YHB Investment Advisors Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,836 shares of the e-commerce giant’s stock after purchasing an additional 4,913 shares during the quarter. Amazon.com makes up 2.5% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest holding. YHB Investment Advisors Inc.’s holdings in Amazon.com were worth $25,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Bridgefront Capital LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at about $228,000. Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the 1st quarter worth approximately $191,000. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Susquehanna raised their price target on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, August 4th. Jefferies Financial Group raised their price target on Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Wedbush initiated coverage on Amazon.com in a research note on Tuesday. They set an “outperform” rating and a $180.00 price target on the stock. UBS Group raised their price target on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Roth Mkm raised their price target on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.

Check Out Our Latest Stock Report on AMZN

Amazon.com Stock Performance

NASDAQ AMZN opened at $131.84 on Friday. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 103.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. The business has a fifty day moving average of $131.87 and a 200-day moving average of $114.57. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. As a group, analysts predict that Amazon.com, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the sale, the chief executive officer now owns 2,030,868 shares of the company’s stock, valued at $271,973,842.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 value of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.92, for a total value of $2,937,267.36. Following the completion of the sale, the chief executive officer now directly owns 2,030,868 shares of the company’s stock, valued at approximately $271,973,842.56. The disclosure for this sale can be found here. Insiders sold a total of 1,366,329 shares of company stock valued at $48,990,512 over the last three months. 12.30% of the stock is currently owned by insiders.

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.

Featured Articles

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.