Hanson & Doremus Investment Management Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Hanson & Doremus Investment Management lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,319 shares of the e-commerce giant’s stock after selling 291 shares during the quarter. Amazon.com makes up approximately 0.9% of Hanson & Doremus Investment Management’s holdings, making the stock its 18th biggest position. Hanson & Doremus Investment Management’s holdings in Amazon.com were worth $5,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several research reports. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. JMP Securities reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Bank of America increased their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Scotiabank decreased their price objective on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $245.60.

Get Our Latest Research Report on AMZN

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,424,463 shares of company stock worth $756,747,557. 9.70% of the stock is owned by insiders.

Amazon.com Trading Down 0.2%

NASDAQ AMZN opened at $219.92 on Thursday. The firm has a 50 day simple moving average of $205.03 and a 200-day simple moving average of $208.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.66 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Company Profile

(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.

See Also

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

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