Saybrook Capital NC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Saybrook Capital NC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,959.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the e-commerce giant’s stock after buying an additional 25,689 shares during the period. Amazon.com comprises 0.9% of Saybrook Capital NC’s investment portfolio, making the stock its 22nd largest position. Saybrook Capital NC’s holdings in Amazon.com were worth $2,868,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LRT Capital Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at about $939,000. Bellecapital International Ltd. increased its stake in Amazon.com by 1,993.8% in the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares during the period. Van Hulzen Asset Management LLC increased its stake in Amazon.com by 2.1% in the 1st quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after purchasing an additional 82 shares during the period. Bouchey Financial Group Ltd increased its stake in Amazon.com by 2,027.5% in the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares during the period. 57.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Itaú Unibanco initiated coverage on Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Moffett Nathanson initiated coverage on Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price target on the stock. Cowen decreased their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Piper Sandler decreased their price target on Amazon.com from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.77.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $93.20 on Wednesday. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $181.68. The business has a fifty day moving average price of $109.13 and a 200-day moving average price of $116.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The stock has a market capitalization of $950.79 billion, a P/E ratio of 85.54, a P/E/G ratio of 6.29 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares in the company, valued at $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the sale, the director now owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The disclosure for this sale can be found here. Insiders sold 269,412 shares of company stock worth $7,914,139 over the last quarter. 12.70% of the stock is currently owned by insiders.

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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