Sentry Investment Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,990 shares of the e-commerce giant’s stock after buying an additional 740 shares during the quarter. Amazon.com accounts for approximately 3.4% of Sentry Investment Management LLC’s holdings, making the stock its 5th largest holding. Sentry Investment Management LLC’s holdings in Amazon.com were worth $6,140,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC lifted its holdings in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 0.3%
NASDAQ AMZN opened at $249.10 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a 50-day simple moving average of $228.25 and a 200-day simple moving average of $219.87. The firm has a market capitalization of $2.66 trillion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.
Insider Buying and Selling at Amazon.com
In related news, Director Jonathan Rubinstein sold 8,173 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 128,084 shares of company stock worth $29,405,457. Corporate insiders own 9.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AMZN shares. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Stifel Nicolaus lifted their price target on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Finally, Pivotal Research upped their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $294.15.
Get Our Latest Research Report on AMZN
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.
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