Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,024 shares of the e-commerce giant’s stock after purchasing an additional 39,808 shares during the period. Amazon.com accounts for approximately 4.6% of Sawgrass Asset Management LLC’s holdings, making the stock its 3rd largest holding. Sawgrass Asset Management LLC’s holdings in Amazon.com were worth $44,537,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. PayPay Securities Corp boosted its stake 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. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, Mizuho upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Stock Down 1.5 %

Shares of Amazon.com stock opened at $223.75 on Friday. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. 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 company’s 50 day moving average is $209.73 and its 200 day moving average is $192.81.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Research analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year.

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.