Agate Pass Investment Management LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Agate Pass Investment Management LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,303 shares of the e-commerce giant’s stock after acquiring an additional 364 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Amazon.com were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% during the 4th 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. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth $46,000. Finally, Steph & Co. purchased a new stake in Amazon.com in the 1st quarter worth $65,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. 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 chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,548 shares of company stock valued at $12,180,239. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $197.20 on Tuesday. The company has a 50 day moving average price of $183.87 and a 200-day moving average price of $173.28. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $199.84. The stock has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a PEG ratio of 1.38 and a beta of 1.15. 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) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping 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 firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial boosted their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Loop Capital boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $215.86.

Amazon.com Company 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.