Silverleafe Capital Partners LLC Has $1.03 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Silverleafe Capital Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,715 shares of the e-commerce giant’s stock after buying an additional 70 shares during the quarter. Silverleafe Capital Partners LLC’s holdings in Amazon.com were worth $1,034,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in Amazon.com by 64.6% during 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. Hoese & Co LLP acquired a new stake in Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter valued at approximately $56,000. Finally, Innealta Capital LLC acquired a new stake in Amazon.com during the second quarter valued at approximately $77,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.65.

Amazon.com Price Performance

Shares of AMZN stock opened at $225.94 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $217.91 and a 200-day moving average of $196.30.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.