Amazon.com, Inc. (NASDAQ:AMZN) Stake Lifted by Maple Capital Management Inc.

Posted by Defense World Staff on Sep 30th, 2023

Maple Capital Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 281,091 shares of the e-commerce giant’s stock after acquiring an additional 8,300 shares during the quarter. Amazon.com comprises 4.0% of Maple Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Maple Capital Management Inc.’s holdings in Amazon.com were worth $36,643,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Kavar Capital Partners Group LLC raised its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in 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 purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in 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 purchasing an additional 15 shares during the last quarter. Markel Corp raised its holdings in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $127.12 on Friday. The business has a 50 day simple moving average of $134.87 and a 200 day simple moving average of $121.68. The firm has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 100.10, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $145.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMZN shares. Redburn Partners boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Robert W. Baird boosted their price objective on Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. UBS Group boosted their price objective on Amazon.com from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Citigroup boosted their price objective on Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, JMP Securities boosted their price objective on Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

Check Out Our Latest Report on Amazon.com

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares in the company, valued at $14,750,889.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares in the company, valued at $14,750,889.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction 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 approximately $16,034,948.60. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,223,448 over the last quarter. Corporate insiders own 12.30% of the company’s stock.

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.