Highlander Partners L.P. Purchases 1,100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Highlander Partners L.P. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,000 shares of the e-commerce giant’s stock after buying an additional 1,100 shares during the quarter. Amazon.com makes up about 13.2% of Highlander Partners L.P.’s portfolio, making the stock its 3rd biggest position. Highlander Partners L.P.’s holdings in Amazon.com were worth $19,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Beck Bode LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $651,000. Elo Mutual Pension Insurance Co increased its position in shares of Amazon.com by 0.6% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 855,044 shares of the e-commerce giant’s stock worth $165,237,000 after purchasing an additional 5,229 shares during the last quarter. Waterloo Capital L.P. increased its position in shares of Amazon.com by 15.3% during the 2nd quarter. Waterloo Capital L.P. now owns 33,621 shares of the e-commerce giant’s stock worth $6,497,000 after purchasing an additional 4,468 shares during the last quarter. Blair William & Co. IL increased its position in shares of Amazon.com by 2.1% during the 2nd quarter. Blair William & Co. IL now owns 6,073,517 shares of the e-commerce giant’s stock worth $1,173,707,000 after purchasing an additional 127,076 shares during the last quarter. Finally, Zega Financial LLC increased its position in shares of Amazon.com by 21.5% during the 2nd quarter. Zega Financial LLC now owns 51,758 shares of the e-commerce giant’s stock worth $10,002,000 after purchasing an additional 9,167 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Truist Financial boosted their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Scotiabank started coverage on Amazon.com in a research note on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, TD Securities lifted their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.78.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $188.99 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a fifty day moving average of $181.98 and a 200-day moving average of $183.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market capitalization of $1.97 trillion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued 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 return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.