Signature Resources Capital Management LLC makes a new $327,000 investment in Amazon.com, Inc. (NASDAQ:AMZN)

Signature Resources Capital Management LLC has purchased a new position in Amazon.com, Inc., according to its latest filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) in the fourth quarter. The company bought 2,152 shares of the e-commerce giant’s stock worth about $327,000.

Other hedge funds and other institutional investors have also recently modified their holdings in the company. In the third quarter, Vanguard Group Inc. increased its shares in Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC increased its shares in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Northern Trust Corp increased its position in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Amazon.com shares by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. Institutional investors hold 72.20% of the company’s shares.

Insider buying and selling on Amazon.com

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a legal filing filed with the Securities and Exchange Commission, available at this link. In related news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred 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 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 ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com stock performance

On Friday, Amazon.com shares closed at $180.75. The stock’s 50-day moving average is $182.04 and its 200-day moving average is $166.22. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a PEG ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. it has a twelve month low of $114.31 and a twelve month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenues increased by 12.5% ​​year-on-year. During the same period last year, the company reported earnings per share of $0.31. Stock research analysts predict that Amazon.com, Inc. will see an average of 4.72 earnings per share in the current fiscal year.

The Wall Street analyst concludes

Several stock analysts have recently commented on AMZN stock. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Benchmark maintained a “buy” rating on shares of Amazon.com and set a $200.00 price target for shares of Amazon.com in a research report on Wednesday, May 1st. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “single buy” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment analyst rated the company’s shares with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the company’s shares. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $211.62.

Read our latest research report on AMZN

About Amazon.com

(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.

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