Sachetta LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 65.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,620 shares of the e-commerce giant’s stock after selling 6,844 shares during the quarter. Sachetta LLC’s holdings in Amazon.com were worth $836,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC grew its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com in the third quarter worth $27,000. Bridge Generations Wealth Management LLC grew its stake in shares of Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares in the last quarter. Cooksen Wealth LLC grew its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 2.4% in the fourth quarter. Harbor Investment Advisory LLC now owns 309,697 shares of the e-commerce giant’s stock worth $71,000 after purchasing an additional 7,329 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling
In other news, CEO Douglas J. Herrington sold 3,742 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $262.59, for a total transaction of $982,611.78. Following the completion of the sale, the chief executive officer directly owned 476,972 shares of the company’s stock, valued at $125,248,077.48. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 11,475 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $262.66, for a total value of $3,014,023.50. Following the sale, the chief executive officer directly owned 11,430 shares of the company’s stock, valued at approximately $3,002,203.80. This represents a 50.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 136,124 shares of company stock valued at $35,801,387. 8.90% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on AMZN
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $266.32 on Tuesday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a market cap of $2.86 trillion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.99 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $240.63 and a 200-day simple moving average of $231.82.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Amazon.com’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current year.
Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
- Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
- Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
- Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title
Amazon.com Profile
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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