33,900 Shares in Amazon.com, Inc. $AMZN Purchased by Systrade AG

Systrade AG purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, Holdings Channel reports. The fund purchased 33,900 shares of the e-commerce giant’s stock, valued at approximately $7,825,000. Amazon.com accounts for about 4.8% of Systrade AG’s holdings, making the stock its 6th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC lifted its stake in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth about $27,000. Bridge Generations Wealth Management LLC raised its holdings in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 233 shares during the period. Cooksen Wealth LLC raised its holdings in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the period. Finally, PayPay Securities Corp lifted its stake in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total value of $554,900.50. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $24,662,702. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,686 shares of company stock worth $14,688,739. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DZ Bank raised Amazon.com to a “strong-buy” rating in a research report on Friday, February 6th. Bank of America cut their price objective on Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Wells Fargo & Company set a $304.00 price target on Amazon.com and gave the company an “overweight” rating in a report on Monday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $265.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.66.

Get Our Latest Stock Analysis on AMZN

Amazon.com Stock Down 4.0%

Shares of AMZN opened at $199.34 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The firm’s 50 day moving average is $216.42 and its 200-day moving average is $225.11. The stock has a market capitalization of $2.14 trillion, a PE ratio of 27.80, a P/E/G ratio of 1.49 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $1.86 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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