Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Hemenway Trust Co LLC

Hemenway Trust Co LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 234,080 shares of the e-commerce giant's stock after purchasing an additional 2,264 shares during the quarter. Amazon.com comprises 3.4% of Hemenway Trust Co LLC's portfolio, making the stock its 7th biggest holding. Hemenway Trust Co LLC's holdings in Amazon.com were worth $43,616,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AMZN. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth $56,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded up $1.38 during trading on Monday, reaching $226.30. The company had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. The firm has a market capitalization of $2.38 trillion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm's 50-day simple moving average is $205.83 and its 200 day simple moving average is $191.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMZN. Wells Fargo & Company restated an "equal weight" rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, November 1st. Loop Capital raised their price objective on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $243.00.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

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.