Sippican Capital Advisors boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 87.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,534 shares of the e-commerce giant’s stock after acquiring an additional 4,901 shares during the period. Amazon.com accounts for about 1.5% of Sippican Capital Advisors’ holdings, making the stock its 25th biggest position. Sippican Capital Advisors’ holdings in Amazon.com were worth $2,194,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Narwhal Capital Management lifted its holdings in Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after purchasing an additional 4,854 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Amazon.com by 21.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock valued at $5,690,463,000 after buying an additional 4,275,942 shares in the last quarter. Weaver Capital Management LLC increased its position in shares of Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock valued at $9,063,000 after buying an additional 4,713 shares during the period. Ethos Financial Group LLC increased its position in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock valued at $8,421,000 after buying an additional 3,196 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Amazon.com by 1.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock worth $52,667,000 after buying an additional 4,558 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Stock Performance
NASDAQ AMZN opened at $245.98 on Wednesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The company has a fifty day moving average of $253.99 and a 200-day moving average of $234.98. The company has a market capitalization of $2.65 trillion, a P/E ratio of 29.42, a P/E/G ratio of 1.82 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.
Analyst Upgrades and Downgrades
AMZN has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Pivotal Research reissued a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Guggenheim restated a “buy” rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, HSBC upped their price target on shares of Amazon.com from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $312.79.
Read Our Latest Stock Analysis on AMZN
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon’s new bond sale is being seen as a funding tool for AI infrastructure, reinforcing the company’s push into cloud computing and custom silicon while supporting future AWS growth. Fresh foods boost Amazon Now demand in Brazil, executive says
- Positive Sentiment: Several reports argued Amazon’s stock looks attractive or historically cheap, citing strong AWS growth prospects, Prime Day strength, and a broader bullish analyst backdrop. Amazon’s Stock Is Historically Cheap. Now Is Your Perfect Buying Opportunity
- Positive Sentiment: Coverage also highlighted Amazon’s AI strategy as a competitive advantage, including custom chips, enterprise AI demand, and growing support from Wall Street. Silicon Starvation: Amazon Feasts on Legacy GPUs
- Neutral Sentiment: The bond offering may raise at least $25 billion, but some commentary noted it also signals higher leverage and adds another layer of debt to Amazon’s balance sheet as AI spending ramps. Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
Insider Transactions at Amazon.com
In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% 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 have sold a total of 195,774 shares of company stock valued at $51,643,704 over the last 90 days. Company insiders own 8.90% of the company’s stock.
About Amazon.com
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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