Amazon.com, Inc. stock (NASDAQ:AMZN) purchased by GAMMA Investing LLC

GAMMA Investing LLC has increased its position in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) up 24.0% in the first quarter. The company owned 66,590 shares of the e-commerce giant after purchasing an additional 12,891 shares during the period. Amazon.com constitutes approximately 2.4% of GAMMA Investing LLC’s investment portfolio, making it the fourth largest company. At the end of the last reporting period, the value of GAMMA Investing LLC’s shares in Amazon.com was USD 12,012,000.

Other large investors have also recently made changes to their positions in the company. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co, after purchasing an additional 341 shares during the period, now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000. Cherrydale Wealth Management LLC improved its position on Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp improved its position on Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Nicholas Company Inc. in the third quarter, it increased its position on Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB improved its position on Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. 72.20% of the shares are currently held by institutional investors and hedge funds.

Changes in analyst ratings

Several stock analysts have recently commented on AMZN stock. Moffett Nathanson affirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Robert W. Baird raised their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15. Finally, Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. One investment analyst has rated the company with a hold rating, forty-three have issued a buy rating to the company and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $213.82, according to MarketBeat data.

Download our latest research report on Amazon.com

Amazon.com shares fell 0.7%

Shares of NASDAQ:AMZN opened at $182.81 on Thursday. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a fifty-day moving average of $182.78 and a 200-day moving average of $170.96. The company has a market capitalization of $1.90 trillion, a PE ratio of 51.21, a price-to-earnings growth ratio of 1.32 and a beta of 1.14. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 per share. The company’s quarterly revenues increased by 12.5% compared to the same quarter last year. Analysts predict that as a group, Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Insiders place their bets

In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock valued at $24,214,400. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock worth $11,894,344. Insiders own 10.80% of the company’s shares.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Changes in analyst ratings

Amazon.com shares fell 0.7%

Insiders place their bets

Amazon.com company profile

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