S.A. Mason LLC Purchases 2,795 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

S.A. Mason LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1,901.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,942 shares of the e-commerce giant’s stock after buying an additional 2,795 shares during the period. S.A. Mason LLC’s holdings in Amazon.com were worth $312,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lcnb Corp boosted its stake in Amazon.com by 0.6% in the fourth quarter. Lcnb Corp now owns 624 shares of the e-commerce giant’s stock valued at $2,081,000 after acquiring an additional 4 shares during the last quarter. MBM Wealth Consultants LLC boosted its stake in Amazon.com by 57.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock valued at $37,000 after acquiring an additional 4 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in Amazon.com by 1.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 239 shares of the e-commerce giant’s stock valued at $795,000 after acquiring an additional 4 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Amazon.com by 6.3% in the first quarter. Confluence Investment Management LLC now owns 67 shares of the e-commerce giant’s stock valued at $218,000 after acquiring an additional 4 shares during the last quarter. Finally, Stonebridge Capital Management Inc. boosted its stake in Amazon.com by 0.5% in the first quarter. Stonebridge Capital Management Inc. now owns 861 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Piper Sandler boosted their target price on shares of Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Wolfe Research upped their price target on shares of Amazon.com from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Tigress Financial restated a “buy” rating and set a $232.00 price target on shares of Amazon.com in a research note on Wednesday, June 29th. Cowen dropped their price target on shares of Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 14th. Finally, Jefferies Financial Group dropped their price target on shares of Amazon.com from $163.00 to $150.00 in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.61.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the sale, the senior vice president now owns 60,260 shares of the company’s stock, valued at approximately $8,738,302.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the sale, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the sale, the senior vice president now directly owns 60,260 shares in the company, valued at approximately $8,738,302.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,628 shares of company stock valued at $9,802,599. Insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $123.53 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The firm’s fifty day moving average is $129.52 and its 200 day moving average is $130.86. The firm has a market cap of $1.26 trillion, a P/E ratio of 110.74, a P/E/G ratio of 5.63 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. During the same period in the prior year, the business posted $0.76 EPS. Amazon.com’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

Amazon.com Profile

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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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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