Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,436,931 shares of the e-commerce giant’s stock after acquiring an additional 189,613 shares during the quarter. Amazon.com comprises 5.3% of Maverick Capital Ltd.’s investment portfolio, making the stock its 2nd biggest position. Maverick Capital Ltd.’s holdings in Amazon.com were worth $277,687,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in Amazon.com in the 1st quarter valued at $69,000. Innealta Capital LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth $77,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Amazon.com by 84.7% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock worth $84,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. UBS Group raised their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Piper Sandler dropped their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Bank of America reduced their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $187.83 on Friday. The stock’s 50-day simple moving average is $183.29 and its 200-day simple moving average is $183.56. The firm has a market capitalization of $1.95 trillion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.