SeaBridge Investment Advisors LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

SeaBridge Investment Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,176 shares of the e-commerce giant's stock after purchasing an additional 1,313 shares during the quarter. Amazon.com accounts for about 1.4% of SeaBridge Investment Advisors LLC's holdings, making the stock its 18th largest holding. SeaBridge Investment Advisors LLC's holdings in Amazon.com were worth $6,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at about $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last quarter. 9.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Scotiabank increased their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Benchmark reiterated a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Wedbush increased their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $262.45.

Amazon.com Price Performance

NASDAQ AMZN opened at $224.66 on Thursday. The company has a market capitalization of $2.40 trillion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business's fifty day moving average is $220.60 and its 200 day moving average is $208.72. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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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