GSG Advisors LLC Has $5.61 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

GSG Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,750 shares of the e-commerce giant’s stock after selling 3,939 shares during the quarter. Amazon.com comprises about 2.1% of GSG Advisors LLC’s portfolio, making the stock its 10th largest position. GSG Advisors LLC’s holdings in Amazon.com were worth $5,609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Platform Technology Partners boosted its holdings in shares of Amazon.com by 7.1% in the 3rd quarter. Platform Technology Partners now owns 51,941 shares of the e-commerce giant’s stock valued at $6,364,000 after purchasing an additional 3,422 shares in the last quarter. Plancorp LLC lifted its position in shares of Amazon.com by 14.8% during the 3rd quarter. Plancorp LLC now owns 26,829 shares of the e-commerce giant’s stock worth $3,411,000 after buying an additional 3,449 shares during the last quarter. Fort Point Capital Partners LLC boosted its stake in Amazon.com by 4.0% in the third quarter. Fort Point Capital Partners LLC now owns 56,063 shares of the e-commerce giant’s stock valued at $7,127,000 after buying an additional 2,131 shares in the last quarter. Kennon Green & Company LLC grew its position in Amazon.com by 8.7% in the third quarter. Kennon Green & Company LLC now owns 6,004 shares of the e-commerce giant’s stock valued at $763,000 after acquiring an additional 482 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Amazon.com by 14.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 640,836 shares of the e-commerce giant’s stock worth $81,463,000 after acquiring an additional 82,756 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $185.57 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business has a 50-day simple moving average of $182.82 and a two-hundred day simple moving average of $172.00. The company has a market capitalization of $1.93 trillion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Loop Capital boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Piper Sandler increased their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $215.37.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Profile

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.