Amazon.com, Inc. (NASDAQ:AMZN) is Gladstone Capital Management LLP’s 4th Largest Position

Gladstone Capital Management LLP boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 80.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 700,416 shares of the e-commerce giant’s stock after buying an additional 312,716 shares during the quarter. Amazon.com makes up about 12.0% of Gladstone Capital Management LLP’s holdings, making the stock its 4th biggest holding. Gladstone Capital Management LLP’s holdings in Amazon.com were worth $135,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc raised its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. bought a new stake in Amazon.com during the 1st quarter valued at $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com during the 1st quarter valued at $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com during the 2nd quarter valued at $77,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $189.70 on Wednesday. The firm’s 50-day moving average price is $182.82 and its 200-day moving average price is $183.53. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.97 trillion, a PE ratio of 53.14, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. As a group, analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Barclays upped their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America decreased their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Truist Financial upped their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.78.

About Amazon.com

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.