GAMMA Investing LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GAMMA Investing LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,967 shares of the e-commerce giant's stock after purchasing an additional 18,426 shares during the period. Amazon.com comprises 2.3% of GAMMA Investing LLC's holdings, making the stock its 4th largest holding. GAMMA Investing LLC's holdings in Amazon.com were worth $30,245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $51,000. Finally, Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 2.8%

NASDAQ:AMZN traded up $6.18 during trading hours on Friday, reaching $223.30. The company had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. The business's 50-day simple moving average is $202.26 and its two-hundred day simple moving average is $208.86. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMZN. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Scotiabank cut their price target on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $245.81.

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.