GUNN & Co INVESTMENT MANAGEMENT INC. increases shares in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest 13F filing filed by GUNN & Co INVESTMENT MANAGEMENT INC. in the fourth quarter GUNN & Co INVESTMENT MANAGEMENT INC. (NASDAQ:AMZN – Free Report) up 291.8% Order. The company owned 28,995 shares of the e-commerce giant’s stock after purchasing an additional 21,595 shares during the period. At the end of the last quarter, the value of shares of GUNN & Co INVESTMENT MANAGEMENT INC. on Amazon.com was $4,406,000.

A number of other hedge funds have also recently increased or decreased their holdings in AMZN. Members Trust Co increased its holdings in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Currently, 72.20% of the shares are in the hands of institutional investors and hedge funds.

Amazon.com sales decreased by 0.2%

NASDAQ:AMZN opened at $180.75 on Tuesday. The company has a market capitalization of $1.88 trillion, a PE ratio of 50.63, a price-to-earnings growth ratio of 1.29 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70. The stock has a fifty-day simple moving average of $182.16 and a 200-day simple moving average of $166.67.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s quarterly revenues increased by 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company saw an EPS of $0.31. Stock research analysts expect Amazon.com, Inc. will see an average of 4.72 earnings per share in the current fiscal year.

A Wall Street analyst weighs in

Several brokerage houses have recently commented on AMZN. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Susquehanna raised their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Barclays raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One analyst has rated the company with a hold rating, forty-four have rated the company with a buy rating and one has given the company a strong buy rating. The company currently has a consensus rating of “Buy” and a consensus price target of $211.62, according to MarketBeat.com.

Download our latest research report on AMZN

Buying and selling confidential information

In related news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction amount of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. Additionally, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The announcement of this sale can be found here. In the last quarter, insiders sold 117,894 shares of company stock worth $21,363,909. 10.80% of the shares are owned by corporate insiders.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Further reading

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.