Verum Partners LLC Increases Stake in Amazon.com, Inc.

Verum Partners LLC, an investment management firm, has enhanced its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 6.4% during the third quarter, as revealed by their latest Securities and Exchange Commission filing. The firm acquired an additional 896 shares during this period, bringing their total ownership to 14,939 shares of the retail giant's stock. At the close of the reporting period, Verum Partners LLC's Amazon holdings were valued at approximately $1.9 million.

Investment Shifts Among Prominent Firms

Various other significant investors have made recent adjustments to their AMZN positions. Laurel Wealth Planning LLC saw a substantial increase in their Amazon stake, raising it by 1,900.0% in the second quarter, resulting in ownership of 320 shares valued at $34,000. Similarly, Sanctuary Wealth Management L.L.C. commenced a fresh position in Amazon during the fourth quarter, now worth about $37,000. New positions were also started by Swaine & Leidel Wealth Services LLC and Atlantic Private Wealth LLC in the first quarter, valued roughly at $38,000 and $43,000, respectively. Goodwin Investment Advisory notably increased its Amazon stake by 1,225.8% in the second quarter, now holding 411 shares with a value of $44,000.

Analysts' Views and Price Targets

Amazon has garnered attention from equity analysts with various perspectives. For example, The Goldman Sachs Group adjusted their target price for the e-commerce leader from $180.00 to $175.00, as stated in an October report. Morgan Stanley maintained an 'overweight' rating with a target price of $175.00. Needham & Company LLC reconfirmed a 'buy' rating, setting a price target of $160.00. The consensus among analysts, as aggregated by MarketBeat.com, points towards a 'Buy' rating for Amazon with an average target price of $170.57.

Amazon Executives Conduct Stock Transactions

In related news, CEO Adam Selipsky sold 500 Amazon shares at an average price of $126.64, resulting in a transaction worth $63,320. Post-sale, Selipsky directly possesses 105,520 Amazon shares, valued at over $13.3 million. Additionally, CEO Andrew R. Jassy sold 21,933 Amazon shares at an average price of $142.66, totaling approximately $3.13 million. Following his transaction, Jassy's direct ownership in the company stands at 2,064,055 shares, valued at close to $294.5 million. Insider trading over the last quarter amounted to sales of 69,329 shares, worth $9,824,853. Amazon insiders currently own 12.30% of the company.

Amazon's Market Performance

On a recent trading day, Amazon's stock opened at $152.12, with the company boasting a market capitalization of $1.57 trillion. The stock commands a price-to-earnings (P/E) ratio of 78.82, along with a price-to-earnings growth (PEG) ratio of 2.07, and beta of 1.17. Financial ratios of note include a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com has had a 52-week low of $81.43 and a high of $155.63. Its 50-day simple moving average stands at $140.68, with the 200-day simple moving average at $134.97.

The last reported quarterly earnings for Amazon.com indicated an EPS of $0.85, surpassing the consensus estimate of $0.58. The company earned a revenue of $143.08 billion for the quarter, which was slightly above analysts' projected $141.53 billion. Amazon.com's return on equity came in at 12.75% with a net margin of 3.62%. Analyst projections forecast Amazon.com, Inc. to post an EPS of 2.61 for the current fiscal year.

Investment, Amazon, Shares