Cordatus Wealth Management LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,367 shares of the e-commerce giant’s stock, valued at approximately $3,567,000. Amazon.com comprises 1.3% of Cordatus Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kavar Capital Partners Group LLC increased its position in shares of 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 valued at $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its position 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 valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its position 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 valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp increased its position in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
Amazon.com stock opened at $127.12 on Friday. The stock’s 50 day simple moving average is $134.87 and its two-hundred day simple moving average is $121.68. 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 has a market cap of $1.31 trillion, a price-to-earnings ratio of 100.10, a PEG ratio of 1.67 and a beta of 1.24. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $145.86.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred 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 sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of Amazon.com stock in a transaction that occurred 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 sale, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total value of $64,085.00. Following the completion of the sale, the chief executive officer now directly owns 150,780 shares in the company, valued at $19,325,472.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,223,448. 12.30% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Amazon.com from $145.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Sanford C. Bernstein raised 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. Redburn Partners raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. BNP Paribas raised Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 target price for the company in a research report on Friday, August 4th. Finally, Truist Financial raised their target price on Amazon.com from $144.00 to $176.00 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-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $161.30.
Read Our Latest Analysis on Amazon.com
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.
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