Amazon.com, Inc. $AMZN Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 203,188 shares of the e-commerce giant’s stock after acquiring an additional 21,345 shares during the period. Amazon.com comprises about 2.5% of GAMMA Investing LLC’s portfolio, making the stock its 4th biggest position. GAMMA Investing LLC’s holdings in Amazon.com were worth $44,614,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $11,102,000. ARK Investment Management LLC increased its position in Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after purchasing an additional 86,978 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in Amazon.com by 16.1% in the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after buying an additional 3,948 shares during the period. Flaharty Asset Management LLC lifted its position in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its stake in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,234 shares of company stock valued at $19,076,767 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen reissued a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Thursday, December 11th. Monness Crespi & Hardt increased their price target on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Canaccord Genuity Group set a $300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. Benchmark upped their target price on Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Daiwa Capital Markets raised their target price on Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.50.

Amazon.com Trading Down 0.6%

Shares of AMZN opened at $221.27 on Thursday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock has a 50-day moving average price of $229.32 and a 200 day moving average price of $225.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The company has a market capitalization of $2.37 trillion, a P/E ratio of 31.25, a P/E/G ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 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.