Signaturefd LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,527 shares of the e-commerce giant’s stock after purchasing an additional 433 shares during the period. Amazon.com makes up about 0.9% of Signaturefd LLC’s holdings, making the stock its 15th biggest position. Signaturefd LLC’s holdings in Amazon.com were worth $31,056,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Stuart Chaussee & Associates Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $27,000. Gibson Wealth Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $33,000. Leverty Financial Group LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $36,000. MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 57.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after purchasing an additional 4 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at $39,000. Institutional investors own 72.51% of the company’s stock.
Insider Activity
In other news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Andrew R. Jassy sold 1,181 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at $209,870,622. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David H. Clark sold 2,270 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock worth $10,528,337 over the last quarter. Insiders own 12.70% of the company’s stock.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 1.12 earnings per share for the current year.
Analyst Ratings Changes
AMZN has been the subject of several research reports. Tigress Financial restated a “buy” rating and issued a $232.00 price objective on shares of Amazon.com in a report on Wednesday, June 29th. Telsey Advisory Group upped their price objective on shares of Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Needham & Company LLC reduced their target price on shares of Amazon.com from $207.50 to $175.00 in a research report on Friday, April 29th. Mizuho reduced their target price on shares of Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. Finally, Truist Financial reaffirmed a “buy” rating and issued a $175.00 target price on shares of Amazon.com in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.45.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
Further Reading
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