Amazon.com, Inc. (NASDAQ:AMZN) is DDD Partners LLC’s 3rd Largest Position

DDD Partners LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,570 shares of the e-commerce giant’s stock after buying an additional 1,373 shares during the period. Amazon.com makes up 4.7% of DDD Partners LLC’s investment portfolio, making the stock its 3rd largest holding. DDD Partners LLC’s holdings in Amazon.com were worth $40,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Collective Family Office LLC increased its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares during the period. Phillips Wealth Planners LLC boosted its stake in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Amazon.com during the fourth quarter worth about $5,926,000. Concord Investment Counsel Inc. acquired a new position in Amazon.com in the 1st quarter valued at about $20,790,000. Finally, O Shaughnessy Asset Management LLC increased its position in Amazon.com by 26.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after acquiring an additional 133,471 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $186.33 on Tuesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.19, a PEG ratio of 1.46 and a beta of 1.14. The stock has a fifty day moving average price of $179.00 and a two-hundred day moving average price of $182.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Piper Sandler reduced their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Truist Financial increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Finally, UBS Group lifted their price objective on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $223.65.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold 4,634,860 shares of company stock valued at $926,639,482 over the last three months. Company insiders own 10.80% of the company’s stock.

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.