SevenBridge Financial Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,053 shares of the e-commerce giant’s stock after purchasing an additional 4,382 shares during the period. Amazon.com comprises approximately 2.3% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 7th largest holding. SevenBridge Financial Group LLC’s holdings in Amazon.com were worth $8,871,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd purchased a new stake in Amazon.com in the 2nd quarter worth about $123,733,000. Meitav Investment House Ltd. increased its holdings in Amazon.com by 3.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock worth $81,543,000 after acquiring an additional 20,574 shares during the last quarter. Golden State Equity Partners increased its holdings in Amazon.com by 162.4% in the 2nd quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after acquiring an additional 29,281 shares during the last quarter. Next Level Private LLC purchased a new stake in Amazon.com in the 2nd quarter worth about $1,044,000. Finally, Mayfair Advisory Group LLC increased its holdings in Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after acquiring an additional 488 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.
Insider Activity
In related news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP David Zapolsky sold 42,816 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now directly owns 64,380 shares of the company’s stock, valued at $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 70,056 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the completion of the sale, the chief executive officer now directly owns 104,864 shares in the company, valued at $14,666,279.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,408,645 shares of company stock valued at $55,208,288. Company insiders own 12.30% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion during the quarter, compared to the consensus estimate of $131.54 billion. Analysts expect that Amazon.com, Inc. will post 2.24 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on AMZN shares. Canaccord Genuity Group lifted their price objective on Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group lifted their target price on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, August 4th. DA Davidson reaffirmed a “buy” rating and set a $150.00 target price on shares of Amazon.com in a report on Wednesday, September 6th. The Goldman Sachs Group reduced their target price on Amazon.com from $180.00 to $175.00 in a report on Thursday, October 12th. Finally, Susquehanna lifted their target price on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $165.21.
Read Our Latest Research Report on Amazon.com
About Amazon.com
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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