Amazon.com, Inc. (NASDAQ:AMZN) is Cloverfields Capital Group LP’s 10th Largest Position

Cloverfields Capital Group LP grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 39.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 725 shares of the e-commerce giant’s stock after purchasing an additional 204 shares during the period. Amazon.com makes up about 0.7% of Cloverfields Capital Group LP’s holdings, making the stock its 10th largest holding. Cloverfields Capital Group LP’s holdings in Amazon.com were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. OLD Mission Capital LLC purchased a new position in Amazon.com in the third quarter worth approximately $605,000. RiverGlades Family Offices LLC grew its position in Amazon.com by 5.9% in the first quarter. RiverGlades Family Offices LLC now owns 305 shares of the e-commerce giant’s stock worth $944,000 after acquiring an additional 17 shares during the period. Woodley Farra Manion Portfolio Management Inc. grew its position in Amazon.com by 4.4% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 118 shares of the e-commerce giant’s stock worth $365,000 after acquiring an additional 5 shares during the period. Ironwood Wealth Management LLC. grew its position in Amazon.com by 40.6% in the first quarter. Ironwood Wealth Management LLC. now owns 1,787 shares of the e-commerce giant’s stock worth $5,529,000 after acquiring an additional 516 shares during the period. Finally, Financial Management Network Inc. grew its position in Amazon.com by 24.1% in the first quarter. Financial Management Network Inc. now owns 1,283 shares of the e-commerce giant’s stock worth $4,345,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 57.67% of the company’s stock.

Several research firms have recently commented on AMZN. Wedbush restated a “buy” rating and set a $4,300.00 price target on shares of Amazon.com in a research report on Monday, July 26th. Argus restated a “buy” rating and set a $4,000.00 price target on shares of Amazon.com in a research report on Friday, July 9th. JPMorgan Chase & Co. lowered their price target on Amazon.com from $4,600.00 to $4,100.00 and set an “overweight” rating for the company in a research report on Friday, July 30th. Truist reduced their price objective on Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating on the stock in a research note on Friday, July 30th. Finally, Raymond James reduced their price objective on Amazon.com from $4,125.00 to $3,900.00 and set an “outperform” rating on the stock in a research note on Friday, July 30th. One equities research analyst has rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $4,146.65.

In other Amazon.com news, SVP David Zapolsky sold 954 shares of the business’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total value of $3,131,982.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 222 shares of the company’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total transaction of $728,826.00. Following the completion of the sale, the vice president now owns 6,211 shares in the company, valued at approximately $20,390,713. The disclosure for this sale can be found here. Insiders sold a total of 4,463 shares of company stock worth $14,784,642 in the last ninety days. 14.00% of the stock is owned by corporate insiders.

NASDAQ AMZN opened at $3,425.52 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The business’s 50-day moving average price is $3,418.24 and its 200 day moving average price is $3,355.92. The firm has a market cap of $1.73 trillion, a P/E ratio of 59.71, a P/E/G ratio of 2.41 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $12.22 by $2.90. Amazon.com had a return on equity of 29.86% and a net margin of 6.64%. The firm had revenue of $113.08 billion for the quarter, compared to analyst estimates of $115.08 billion. As a group, analysts anticipate that Amazon.com, Inc. will post 52.18 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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