Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 167,280 shares of the e-commerce giant's stock after acquiring an additional 6,901 shares during the period. Amazon.com makes up about 2.8% of Beese Fulmer Investment Management Inc.'s holdings, making the stock its 4th largest position. Beese Fulmer Investment Management Inc.'s holdings in Amazon.com were worth $30,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded up $3.29 during midday trading on Thursday, hitting $186.10. 43,975,625 shares of the company's stock were exchanged, compared to its average volume of 41,847,832. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The stock has a 50-day moving average price of $182.72 and a two-hundred day moving average price of $171.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.94 trillion, a P/E ratio of 52.13, a PEG ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The firm's revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,264 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company's stock, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company's stock, valued at approximately $19,836,000. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. JPMorgan Chase & Co. raised their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Piper Sandler raised their target price on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Wedbush reiterated an "outperform" rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Moffett Nathanson reiterated a "buy" rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Finally, DA Davidson reiterated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $213.82.

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.