Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Sutton Place Investors LLC

Sutton Place Investors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,335 shares of the e-commerce giant’s stock after purchasing an additional 3,011 shares during the quarter. Amazon.com makes up 1.3% of Sutton Place Investors LLC’s portfolio, making the stock its 20th biggest holding. Sutton Place Investors LLC’s holdings in Amazon.com were worth $2,584,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Prospect Financial Services LLC lifted its holdings in shares of Amazon.com by 11.2% during the 1st quarter. Prospect Financial Services LLC now owns 23,345 shares of the e-commerce giant’s stock worth $4,211,000 after acquiring an additional 2,354 shares during the period. Gray Private Wealth LLC purchased a new position in Amazon.com in the first quarter valued at approximately $566,000. Bristlecone Advisors LLC raised its holdings in Amazon.com by 1.9% in the first quarter. Bristlecone Advisors LLC now owns 182,420 shares of the e-commerce giant’s stock valued at $32,905,000 after buying an additional 3,380 shares during the period. Compound Global Advisors LLC raised its holdings in Amazon.com by 21.6% in the first quarter. Compound Global Advisors LLC now owns 176,913 shares of the e-commerce giant’s stock valued at $31,912,000 after buying an additional 31,439 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Amazon.com by 212.8% in the first quarter. Strategic Financial Concepts LLC now owns 28,691 shares of the e-commerce giant’s stock valued at $5,175,000 after buying an additional 19,519 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock traded up $1.49 on Friday, hitting $186.21. The company had a trading volume of 39,172,004 shares, compared to its average volume of 46,582,852. Amazon.com, Inc. has a 1 year low of $103.31 and a 1 year high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a 50 day moving average of $179.02 and a 200-day moving average of $160.32. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Susquehanna increased their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $211.07.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.