Gryphon Financial Partners LLC Buys 426 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gryphon Financial Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,232 shares of the e-commerce giant’s stock after purchasing an additional 426 shares during the period. Amazon.com accounts for 0.8% of Gryphon Financial Partners LLC’s holdings, making the stock its 19th biggest holding. Gryphon Financial Partners LLC’s holdings in Amazon.com were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its stake in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares in the last quarter. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its position in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares in the last quarter. 57.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Bank of America boosted their target price on shares of Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. StockNews.com initiated coverage on shares of Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating for the company. Morgan Stanley boosted their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Piper Sandler boosted their target price on shares of Amazon.com from $123.00 to $130.00 in a research report on Friday, April 28th. Finally, Rosenblatt Securities boosted their target price on shares of Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity

In other news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the sale, the chief executive officer now owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Andrew R. Jassy sold 21,925 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the sale, the chief executive officer now owns 1,997,681 shares in the company, valued at approximately $230,472,456.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares in the company, valued at approximately $13,959,291. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $115.00 on Friday. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.18 trillion, a PE ratio of 273.81, a P/E/G ratio of 4.00 and a beta of 1.26. The company’s 50 day simple moving average is $105.19 and its two-hundred day simple moving average is $97.67.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.