GAMMA Investing LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

GAMMA Investing LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,205 shares of the e-commerce giant’s stock after purchasing an additional 19,231 shares during the quarter. Amazon.com makes up about 2.2% of GAMMA Investing LLC’s investment portfolio, making the stock its 4th largest position. GAMMA Investing LLC’s holdings in Amazon.com were worth $22,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Phillips Wealth Planners LLC grew its holdings in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the last quarter. Stonekeep Investments LLC acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $2,588,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the last quarter. Finally, Rockport Wealth LLC lifted its holdings in Amazon.com by 2,240.6% during the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock worth $14,832,000 after buying an additional 73,470 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.0 %

AMZN stock opened at $192.73 on Thursday. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 46.11, a P/E/G ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $131.71 and a twelve month high of $201.20. The business has a 50 day moving average price of $184.20 and a two-hundred day moving average price of $183.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMZN shares. Rosenblatt Securities lifted their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Wolfe Research began coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, TD Cowen raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.76.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock valued at $9,215,048 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.