Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Beaton Management Co. Inc.

Beaton Management Co. Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,021 shares of the e-commerce giant’s stock after purchasing an additional 166 shares during the period. Amazon.com comprises approximately 2.4% of Beaton Management Co. Inc.’s holdings, making the stock its 8th biggest holding. Beaton Management Co. Inc.’s holdings in Amazon.com were worth $3,689,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Mayflower Financial Advisors LLC boosted its position in Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the last quarter. PayPay Securities Corp boosted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the fourth quarter worth approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the first quarter worth approximately $38,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN opened at $174.45 on Monday. The company has a 50-day moving average of $154.41 and a 200-day moving average of $142.30. The company has a market capitalization of $1.81 trillion, a P/E ratio of 60.16, a PEG ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $88.12 and a 1-year high of $175.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Sanford C. Bernstein raised their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Susquehanna lifted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Rosenblatt Securities lifted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Truist Financial lifted their price target on shares of Amazon.com from $180.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $197.95.

View Our Latest Research Report on AMZN

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total transaction of $73,880.00. Following the completion of the sale, the chief executive officer now owns 120,560 shares of the company’s stock, valued at approximately $17,813,945.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total transaction of $73,880.00. Following the completion of the transaction, the chief executive officer now directly owns 120,560 shares of the company’s stock, valued at approximately $17,813,945.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 6,080,878 shares of company stock valued at $1,033,083,657 in the last quarter. Insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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