Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Cassia Capital Partners LLC

Posted by on Oct 14th, 2023

Cassia Capital Partners LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 29.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,975 shares of the e-commerce giant’s stock after acquiring an additional 903 shares during the period. Amazon.com makes up 0.4% of Cassia Capital Partners LLC’s holdings, making the stock its 25th biggest holding. Cassia Capital Partners LLC’s holdings in Amazon.com were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Bridgefront Capital LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of 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.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Benchmark lifted their price objective on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America reiterated a “buy” rating and issued a $174.00 price target on shares of Amazon.com in a research note on Tuesday, September 26th. Wedbush reiterated an “outperform” rating and issued a $180.00 price target on shares of Amazon.com in a research note on Monday, September 25th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.94.

View Our Latest Stock Analysis on AMZN

Amazon.com Price Performance

AMZN opened at $129.79 on Friday. The company’s 50 day simple moving average is $134.44 and its 200 day simple moving average is $123.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The stock has a market capitalization of $1.34 trillion, a PE ratio of 102.20, a P/E/G ratio of 1.70 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The firm had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 2.23 EPS for the current year.

Insider Activity

In other 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 shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the sale, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction 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 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 have sold 1,408,645 shares of company stock worth $55,207,763 over the last 90 days. Company insiders own 12.70% 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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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