Amazon.com, Inc. (NASDAQ:AMZN) is DE Burlo Group Inc.’s Largest Position

DE Burlo Group Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.4% in the fourth quarter, HoldingsChannel reports. The firm owned 219,145 shares of the e-commerce giant’s stock after selling 31,050 shares during the quarter. Amazon.com accounts for approximately 6.4% of DE Burlo Group Inc.’s holdings, making the stock its biggest holding. DE Burlo Group Inc.’s holdings in Amazon.com were worth $48,078,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $205.59 on Monday. The stock has a 50-day moving average of $189.33 and a two-hundred day moving average of $208.77. 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. The stock has a market cap of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,798 shares of company stock valued at $17,696,733. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Piper Sandler restated an “overweight” rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. The Goldman Sachs Group lowered their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com 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.