Cypress Capital Group Has $7.83 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cypress Capital Group boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,612 shares of the e-commerce giant’s stock after buying an additional 5,258 shares during the period. Amazon.com makes up 1.1% of Cypress Capital Group’s investment portfolio, making the stock its 17th biggest holding. Cypress Capital Group’s holdings in Amazon.com were worth $7,832,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mayflower Financial Advisors LLC raised its stake in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares in the last quarter. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $38,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $170.53 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $153.39 and a two-hundred day moving average price of $141.60. Amazon.com, Inc. has a twelve month low of $88.12 and a twelve month high of $172.50. The company has a market capitalization of $1.77 trillion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 3.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMZN. Canaccord Genuity Group lifted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Piper Sandler raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Tigress Financial raised their price target on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Wells Fargo & Company lifted their target price on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Stock Analysis on Amazon.com

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $17,151,298.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,120 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 10,756 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares in the company, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. Insiders have sold 61,829 shares of company stock valued at $8,885,713 in the last ninety days. Insiders own 12.70% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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