Sugar Maple Asset Management LLC Buys 351 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sugar Maple Asset Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,635 shares of the e-commerce giant’s stock after purchasing an additional 351 shares during the quarter. Sugar Maple Asset Management LLC’s holdings in Amazon.com were worth $491,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Claro Advisors LLC raised its stake in Amazon.com by 11.5% during the 3rd quarter. Claro Advisors LLC now owns 75,766 shares of the e-commerce giant’s stock valued at $14,118,000 after purchasing an additional 7,794 shares during the last quarter. Cardano Risk Management B.V. increased its holdings in shares of Amazon.com by 4.1% during the 3rd quarter. Cardano Risk Management B.V. now owns 2,439,398 shares of the e-commerce giant’s stock worth $454,533,000 after purchasing an additional 96,176 shares during the period. RiverPark Advisors LLC raised its position in shares of Amazon.com by 2.2% during the third quarter. RiverPark Advisors LLC now owns 22,453 shares of the e-commerce giant’s stock valued at $4,184,000 after buying an additional 486 shares during the last quarter. Ceera Investments LLC lifted its stake in shares of Amazon.com by 2.0% in the third quarter. Ceera Investments LLC now owns 7,180 shares of the e-commerce giant’s stock valued at $1,338,000 after buying an additional 140 shares during the period. Finally, Obsidian Personal Planning Solutions LLC grew its position in Amazon.com by 2.0% during the third quarter. Obsidian Personal Planning Solutions LLC now owns 4,861 shares of the e-commerce giant’s stock worth $906,000 after buying an additional 97 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 1.5 %

AMZN opened at $223.75 on Friday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company’s 50-day moving average price is $209.73 and its two-hundred day moving average price is $192.85. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Scotiabank raised their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Wedbush raised their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Loop Capital upped their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

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.