Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Silphium Asset Management Ltd

Key Points

• Silphium Asset Management Ltd increased its stake in Amazon.com by 11.9% during the first quarter, owning 28,709 shares now valued at approximately $5.46 million.
• Several analysts have raised their price targets for Amazon, with HSBC setting a target of $256, while the average consensus rating for the stock is currently "Buy" with a target of $262.45.
• Amazon's recent earnings report showed $1.68 earnings per share and revenue of $167.70 billion, surpassing analyst estimates, with a year-over-year revenue increase of 13.3%.

Silphium Asset Management Ltd grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,709 shares of the e-commerce giant's stock after buying an additional 3,050 shares during the period. Amazon.com accounts for 4.4% of Silphium Asset Management Ltd's investment portfolio, making the stock its 7th largest holding. Silphium Asset Management Ltd's holdings in Amazon.com were worth $5,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $514,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. HSBC upped their price target on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Wedbush upped their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday. Citizens Jmp started coverage on shares of Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Piper Sandler upped their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $262.45.

Amazon.com Trading Down 8.3%

Shares of AMZN stock opened at $214.75 on Monday. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.74, a PEG ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm's 50-day simple moving average is $218.20 and its 200-day simple moving average is $209.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. Corporate 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.

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