Gruss & Co. LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 4,500 shares of the e-commerce giant’s stock, valued at approximately $465,000. Amazon.com makes up 2.9% of Gruss & Co. LLC’s holdings, making the stock its 13th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. USAdvisors Wealth Management LLC raised its stake 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 valued at $272,000 after acquiring an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $426,000. Veritas Asset Management LLP raised its stake in Amazon.com by 19.6% in the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after buying an additional 1,286,797 shares in the last quarter. Mayfair Advisory Group LLC raised its stake in Amazon.com by 12.0% in the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after buying an additional 488 shares in the last quarter. Finally, Little House Capital LLC raised its stake in Amazon.com by 6.3% in the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after buying an additional 2,251 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Price Performance
AMZN stock opened at $137.85 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $143.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. The stock’s 50 day moving average price is $133.60 and its 200 day moving average price is $117.10. The firm has a market cap of $1.42 trillion, a P/E ratio of 108.54, a PEG ratio of 1.82 and a beta of 1.24.
Analyst Ratings Changes
A number of research firms have recently commented on AMZN. Credit Suisse Group lifted their target price on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Needham & Company LLC lifted their target price on Amazon.com from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Sanford C. Bernstein lifted their target price on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Robert W. Baird lifted their target price on Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, UBS Group lifted their target price on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.87.
View Our Latest Report on Amazon.com
Insiders Place Their Bets
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the 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 transaction, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,365,829 shares of company stock valued at $49,002,857 in the last quarter. 12.30% of the stock is currently owned by company insiders.
About Amazon.com
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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