17,178 Shares in Amazon.com, Inc. $AMZN Acquired by Sawyer & Company Inc

Sawyer & Company Inc bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,178 shares of the e-commerce giant’s stock, valued at approximately $4,280,000. Amazon.com accounts for approximately 1.4% of Sawyer & Company Inc’s holdings, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Red Crane Wealth Management LLC raised its position in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares during the period. Stegent Equity Advisors Inc. lifted its holdings in Amazon.com by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock valued at $364,000 after purchasing an additional 39 shares in the last quarter. Robinson Smith Wealth Advisors LLC grew its position in shares of Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares during the period. Sfam LLC grew its position in shares of Amazon.com by 3.4% in the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after purchasing an additional 40 shares during the period. Finally, Measured Risk Portfolios Inc. increased its stake in shares of Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew Jassy sold 20,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock valued at $18,302,125 in the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock opened at $250.69 on Wednesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.86 and a beta of 1.49. The company has a fifty day simple moving average of $253.79 and a 200-day simple moving average of $243.18. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. Amazon.com’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.95 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 7.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on AMZN. Phillip Securities upgraded shares of Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. Tigress Financial reaffirmed a “buy” rating and issued a $385.00 price target (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Truist Financial set a $390.00 price objective on Amazon.com in a report on Friday. Finally, Morgan Stanley cut their price objective on Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.02.

View Our Latest Analysis on AMZN

Amazon.com News Summary

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Amazon.com Profile

(Free Report)

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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