Baldwin Investment Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,647 shares of the e-commerce giant’s stock after acquiring an additional 640 shares during the quarter. Amazon.com comprises 0.5% of Baldwin Investment Management LLC’s portfolio, making the stock its 26th largest position. Baldwin Investment Management LLC’s holdings in Amazon.com were worth $2,994,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $426,000. Dohj LLC increased its stake in shares of Amazon.com by 1.8% during the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after purchasing an additional 451 shares during the last quarter. Veritas Asset Management LLP increased its stake in shares of Amazon.com by 19.6% during the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after purchasing an additional 1,286,797 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its stake in shares of Amazon.com by 1.2% during the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after purchasing an additional 3,840 shares during the last quarter. Finally, Sarasin & Partners LLP increased its stake in shares of Amazon.com by 0.7% during the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after purchasing an additional 17,993 shares during the last quarter. 57.64% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $102.25, for a total value of $409,000.00. Following the sale, the chief executive officer now directly owns 556,298 shares of the company’s stock, valued at approximately $56,881,470.50. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock worth $8,513,127 in the last three months. 12.70% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Wedbush upped their price target on shares of Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Finally, Tigress Financial reissued a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a report on Thursday, February 9th. Three equities research analysts have rated the stock with a hold rating and forty have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.52.
Amazon.com Trading Up 0.8 %
NASDAQ:AMZN opened at $125.30 on Tuesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $108.47 and a 200-day moving average price of $99.06. The stock has a market cap of $1.29 trillion, a price-to-earnings ratio of 298.33, a P/E/G ratio of 2.41 and a beta of 1.26.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same period last year, the company earned $0.21 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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