Sapient Capital LLC Invests $67.71 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Sapient Capital LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 445,645 shares of the e-commerce giant’s stock, valued at approximately $67,711,000. Amazon.com makes up 2.1% of Sapient Capital LLC’s portfolio, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp lifted its stake 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 worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. Piper Sandler upped their price objective 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. Wells Fargo & Company raised their target price on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Citigroup boosted their price target on Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $205.13.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN opened at $180.96 on Tuesday. The stock has a fifty day moving average price of $178.22 and a 200 day moving average price of $159.32. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.