Southeast Asset Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 38.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,731 shares of the e-commerce giant’s stock after purchasing an additional 5,222 shares during the quarter. Southeast Asset Advisors Inc.’s holdings in Amazon.com were worth $1,935,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. USAdvisors Wealth Management LLC raised its holdings in shares of Amazon.com by 12.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after buying an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter worth about $426,000. Veritas Asset Management LLP grew its holdings in Amazon.com by 19.6% during the 4th 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 during the last quarter. Mayfair Advisory Group LLC increased its position in Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after acquiring an additional 488 shares in the last quarter. Finally, Little House Capital LLC lifted its position in shares of Amazon.com by 6.3% during the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after purchasing an additional 2,251 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.
Amazon.com Stock Up 1.8 %
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 firm has a market capitalization of $1.42 trillion, a PE ratio of 108.54, a PEG ratio of 1.82 and a beta of 1.24. The business’s 50 day simple moving average is $133.60 and its 200 day simple moving average is $117.10. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Analysts Set New Price Targets
A number of research analysts have commented on AMZN shares. Piper Jaffray Companies increased their price objective on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. UBS Group lifted their price target on shares of Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. TD Cowen raised their price objective on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Morgan Stanley raised their price target on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Piper Sandler upped their price objective on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.87.
Get Our Latest Stock Report on AMZN
Insider Activity at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total value of $62,535.00. Following the completion of the transaction, the chief executive officer now directly owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. Insiders sold 1,365,829 shares of company stock worth $49,002,857 in the last ninety days. 12.30% of the stock is owned by company insiders.
Amazon.com Profile
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.
See Also
- Five stocks we like better than Amazon.com
- Stock Splits, Do They Really Impact Investors?
- These 3 Wood Stocks are about to go on Discount
- What Are the U.K. Market Holidays? How to Invest and Trade
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- What Is WallStreetBets and What Stocks Are They Targeting?
- 3 Stocks Awaiting Winter Winds of Opportunity
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 – Free Report).
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.
