Northcape Wealth Management LLC Takes $232,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Northcape Wealth Management LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,529 shares of the e-commerce giant’s stock, valued at approximately $232,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $49,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $183.15 on Wednesday. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 51.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The stock’s 50-day moving average is $181.73 and its 200-day moving average is $165.54. Amazon.com, Inc. has a one year low of $113.78 and a one year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Maxim Group dropped their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Raymond James increased their target price on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Evercore ISI increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $211.62.

Read Our Latest Stock Report on AMZN

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders have sold a total of 70,320 shares of company stock worth $12,722,720 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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.

Further Reading

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

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