Excalibur Management Corp Has $2.75 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Excalibur Management Corp boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,227 shares of the e-commerce giant’s stock after acquiring an additional 959 shares during the quarter. Amazon.com accounts for 1.1% of Excalibur Management Corp’s portfolio, making the stock its 17th largest position. Excalibur Management Corp’s holdings in Amazon.com were worth $2,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of AMZN. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Steph & Co. bought a new stake in shares of Amazon.com during the first quarter worth $65,000. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter worth $69,000. Finally, Innealta Capital LLC bought a new stake in shares of Amazon.com during the second quarter worth $77,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Evercore ISI restated an “outperform” rating and set a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein raised their price target on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Loop Capital raised their price target on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a report on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 Down 0.4 %

Shares of Amazon.com stock opened at $186.89 on Thursday. The business’s 50 day simple moving average is $181.11 and its 200 day simple moving average is $183.32. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a market cap of $1.94 trillion, a PE ratio of 52.35, a P/E/G ratio of 1.38 and a beta of 1.14. 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $148.63 billion. On average, analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Amazon.com Company 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.