Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Boosted by Deltec Asset Management LLC

Deltec Asset Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the first quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The fund held 195,695 shares of the e-commerce giant after purchasing an additional 15,253 shares during the period. Amazon.com makes up about 7.0% of Deltec Asset Management LLC’s stake, making the stock its largest holding. Deltec Asset Management LLC’s stake in Amazon.com was worth $35,299,000, according to a recent SEC filing.

Several other institutional investors and hedge funds also changed their positions in the business. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its holdings in Amazon.com stock by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com stock by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in 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 worth $825,065,000 after purchasing an additional 277,631 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders are betting

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. Company insiders own 10.80% of the shares.

Analyst ratings upgrades and downgrades

AMZN has been the subject of multiple research analyst reports. Maxim Group lowered their price target for Amazon.com from $318.00 to $238.00 and set a “buy” rating for the stock in a research report on Wednesday, May 1. Telsey Advisory Group raised their price target for Amazon.com from $200.00 to $215.00 and gave the stock a “outperform” rating in a research report on Wednesday, May 1. Tigress Financial raised their price target for Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30. Truist Financial raised their price target for shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Finally, Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2. One equities research analyst rated the stock a “hold”, forty-three have given a buy rating, and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $215.86, based on data from MarketBeat.com.

See our latest analysis on Amazon.com

Amazon.com Price Performance

NASDAQ:AMZN stock opened at $200.00 on Monday. Amazon.com, Inc.’s low price in a year was $118.35, and its high was $200.55. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-to-growth ratio of 1.43, and a beta of 1.15. The company’s 50-day average price per share is $185.99, and a 2-hundred-day average price per share is $174.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87, and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was $143.31 billion, compared to analysts’ estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts, on average, forecast that Amazon.com, Inc. will report $4.72 earnings per share for the current fiscal year.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

Insiders are betting

Analyst ratings upgrades and downgrades

Amazon.com Price Performance

Amazon.com Profile

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