Sachetta LLC Purchases 2,060 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sachetta LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,453 shares of the e-commerce giant’s stock after acquiring an additional 2,060 shares during the period. Amazon.com makes up approximately 0.8% of Sachetta LLC’s holdings, making the stock its 22nd biggest holding. Sachetta LLC’s holdings in Amazon.com were worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. PayPay Securities Corp increased its holdings in shares of 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 acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter worth approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter valued at approximately $56,000. Finally, Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective on the stock. Two equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $219.39 on Wednesday. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 46.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The stock’s 50-day moving average is $210.97 and its 200-day moving average is $193.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.