Amazon.com, Inc. (NASDAQ:AMZN) Stake Increased by Gabelli Funds LLC

Gabelli Funds LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 701,533 shares of the e-commerce giant’s stock after buying an additional 1,721 shares during the quarter. Amazon.com accounts for 1.0% of Gabelli Funds LLC’s investment portfolio, making the stock its 10th biggest position. Gabelli Funds LLC’s holdings in Amazon.com were worth $135,571,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. PayPay Securities Corp raised its position in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Steph & Co. purchased a new position in Amazon.com in the 1st quarter worth $65,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com in the 1st quarter worth $69,000. Finally, Innealta Capital LLC purchased a new position in Amazon.com in the 2nd quarter worth $77,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was 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 at the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was 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 at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Up 0.3 %

Shares of Amazon.com stock opened at $189.70 on Wednesday. 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 PE ratio of 53.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a 50-day simple moving average of $182.82 and a two-hundred day simple moving average of $183.53.

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 the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, analysts anticipate 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.