Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Cypress Capital Group

Cypress Capital Group grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,730 shares of the e-commerce giant’s stock after buying an additional 1,345 shares during the quarter. Amazon.com comprises 1.6% of Cypress Capital Group’s investment portfolio, making the stock its 12th biggest holding. Cypress Capital Group’s holdings in Amazon.com were worth $13,089,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. raised its position in Amazon.com by 5.2% in the second quarter. Raymond James Trust N.A. now owns 385,382 shares of the e-commerce giant’s stock worth $74,475,000 after acquiring an additional 18,973 shares in the last quarter. Wedgewood Investors Inc. PA purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $589,000. WD Rutherford LLC lifted its stake in shares of Amazon.com by 2.3% in the second quarter. WD Rutherford LLC now owns 28,211 shares of the e-commerce giant’s stock valued at $5,452,000 after purchasing an additional 630 shares during the period. Core Wealth Management Inc. boosted its holdings in Amazon.com by 166.4% during the second quarter. Core Wealth Management Inc. now owns 3,330 shares of the e-commerce giant’s stock worth $644,000 after buying an additional 2,080 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Amazon.com by 2.0% during the second quarter. Capital Advisors Ltd. LLC now owns 12,075 shares of the e-commerce giant’s stock worth $2,333,000 after buying an additional 235 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $184.89 on Tuesday. The business has a 50-day moving average of $179.22 and a two-hundred day moving average of $181.74. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.79, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Tigress Financial boosted their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley dropped their price target on Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Roth Mkm raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.49.

About Amazon.com

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.