Amazon.com, Inc. (NASDAQ:AMZN) is J.P. Marvel Investment Advisors LLC’s 5th Largest Position

J.P. Marvel Investment Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,775 shares of the e-commerce giant’s stock after selling 1,263 shares during the period. Amazon.com accounts for about 4.9% of J.P. Marvel Investment Advisors LLC’s investment portfolio, making the stock its 5th largest holding. J.P. Marvel Investment Advisors LLC’s holdings in Amazon.com were worth $29,788,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Strategic Financial Concepts LLC increased its stake in Amazon.com by 57.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 33,644 shares of the e-commerce giant’s stock valued at $7,381,000 after purchasing an additional 12,243 shares in the last quarter. Allworth Financial LP grew its stake in shares of Amazon.com by 10.5% in the fourth quarter. Allworth Financial LP now owns 329,000 shares of the e-commerce giant’s stock worth $77,318,000 after acquiring an additional 31,238 shares during the period. Principal Securities Inc. grew its stake in shares of Amazon.com by 2.1% in the fourth quarter. Principal Securities Inc. now owns 267,627 shares of the e-commerce giant’s stock worth $58,715,000 after acquiring an additional 5,525 shares during the period. Little House Capital LLC grew its stake in shares of Amazon.com by 1.8% in the fourth quarter. Little House Capital LLC now owns 66,808 shares of the e-commerce giant’s stock worth $14,657,000 after acquiring an additional 1,192 shares during the period. Finally, Centerpoint Advisory Group bought a new stake in shares of Amazon.com in the fourth quarter worth approximately $2,278,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock opened at $197.95 on Friday. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50-day simple moving average of $221.65 and a two-hundred day simple moving average of $207.50. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Jefferies Financial Group lifted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

About Amazon.com

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.