Successful Portfolios LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 30.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,275 shares of the e-commerce giant’s stock after selling 5,276 shares during the period. Amazon.com makes up 1.4% of Successful Portfolios LLC’s holdings, making the stock its 16th biggest position. Successful Portfolios LLC’s holdings in Amazon.com were worth $1,600,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgefront Capital LLC acquired a new stake in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC grew its stake 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 buying an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $191,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Price Performance
Shares of AMZN opened at $129.48 on Wednesday. The company has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 101.95, a price-to-earnings-growth ratio of 1.69 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. The firm has a 50-day simple moving average of $134.49 and a 200-day simple moving average of $123.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total value of $63,320.00. Following the sale, the chief executive officer now owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total value of $534,200.00. Following the completion of the transaction, the chief executive officer now owns 560,301 shares in the company, valued at $74,828,198.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total transaction of $63,320.00. Following the sale, the chief executive officer now owns 105,520 shares in the company, valued at $13,363,052.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,408,645 shares of company stock worth $55,207,763. Company insiders own 12.30% of the company’s stock.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. JMP Securities raised their target price on Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Telsey Advisory Group restated an “outperform” rating and issued a $160.00 price objective on shares of Amazon.com in a report on Friday, September 22nd. TD Cowen increased their target price on shares of Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Barclays boosted their price target on shares of Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. Finally, Susquehanna increased their price objective on shares of Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $161.30.
View Our Latest Stock Analysis on AMZN
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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