Vantage Investment Partners LLC Buys 3,998 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Oct 20th, 2023

Vantage Investment Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the second quarter, Holdings Channel.com reports. The firm owned 46,148 shares of the e-commerce giant’s stock after acquiring an additional 3,998 shares during the period. Vantage Investment Partners LLC’s holdings in Amazon.com were worth $6,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Bridgefront Capital LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $228,000. Krane Funds Advisors LLC lifted its holdings in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring 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 about $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth about $191,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at $248,458,177.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,408,645 shares of company stock worth $55,207,763. Insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 target price on shares of Amazon.com in a research report on Wednesday, October 11th. Sanford C. Bernstein increased their target price on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Rosenblatt Securities upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Citigroup raised their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Loop Capital raised their price objective on shares of Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.21.

Check Out Our Latest Stock Report on Amazon.com

Amazon.com Price Performance

Shares of AMZN opened at $128.40 on Friday. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 101.10, a PEG ratio of 2.00 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The company’s fifty day simple moving average is $133.68 and its 200 day simple moving average is $124.62. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

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

Amazon.com Company 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.

Vantage Investment Partners LLC Buys 3,998 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Insider Buying and Selling

Analysts Set New Price Targets

Amazon.com Price Performance

Amazon.com Company Profile

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