Carret Asset Management LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Carret Asset Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,279 shares of the e-commerce giant’s stock after buying an additional 732 shares during the period. Amazon.com makes up about 1.4% of Carret Asset Management LLC’s holdings, making the stock its 12th biggest holding. Carret Asset Management LLC’s holdings in Amazon.com were worth $12,035,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. PayPay Securities Corp increased its position in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $30,000. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at $46,000. Finally, Steph & Co. acquired a new position in shares of Amazon.com during the 1st quarter valued at $65,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated 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 owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s 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 sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,634,860 shares of company stock valued at $926,639,482. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Piper Sandler cut their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. TD Securities raised their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Maxim Group upped their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $223.65.

Amazon.com Stock Down 0.9 %

Amazon.com stock opened at $186.33 on Tuesday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.19, a PEG ratio of 1.46 and a beta of 1.14. The company’s 50-day moving average price is $179.00 and its two-hundred day moving average price is $182.74. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

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.