New England Research & Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 45.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,709 shares of the e-commerce giant's stock after buying an additional 4,600 shares during the period. Amazon.com accounts for 1.3% of New England Research & Management Inc.'s investment portfolio, making the stock its 18th largest position. New England Research & Management Inc.'s holdings in Amazon.com were worth $2,741,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in AMZN. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock valued at $487,000 after acquiring an additional 224 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock valued at $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC increased its holdings in shares of Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock worth $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC purchased a new stake in shares of Amazon.com in the second quarter worth $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock valued at $203,677,000 after buying an additional 654,908 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Buying and Selling at Amazon.com
In other news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by corporate insiders.
Amazon.com Stock Up 6.2 %
AMZN stock traded up $11.53 during midday trading on Friday, hitting $197.93. The stock had a trading volume of 99,687,847 shares, compared to its average volume of 32,205,706. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The business has a 50-day moving average of $184.82 and a two-hundred day moving average of $183.77. Amazon.com, Inc. has a 52-week low of $136.47 and a 52-week high of $201.20.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.84 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Wolfe Research assumed coverage on Amazon.com in a research report on Tuesday, July 16th. They set an "outperform" rating and a $250.00 price target for the company. Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday. Benchmark boosted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company lowered shares of Amazon.com from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $246.02.
View Our Latest Research Report on Amazon.com
About Amazon.com
(
Free Report)
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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