Ables Iannone Moore & Associates Inc. holds a position at Amazon.com, Inc. (NASDAQ:AMZN)

Ables Iannone Moore & Associates Inc., according to its latest filing with the Securities and Exchange Commission (SEC). bought new shares in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter. The fund bought 81,533 shares of the e-commerce giant worth approximately $12,388,000. Amazon.com comprises about 9.5% of Ables Iannone Moore & Associates Inc.’s portfolio, making it its second-largest holding.

Several other large investors have also recently made changes to their positions at AMZN. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position on Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of 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. Nicholas Company Inc. increased its shares in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, in the fourth quarter, Nordea Investment Management AB strengthened its position on Amazon.com by 5.4%. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com Confidential Transactions

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the transaction, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of USD 184.00, for a total value of USD 92,000.00. Following the completion of the sale, the CEO now directly owns 131,600 shares of the company’s stock valued at $24,214,400. The announcement of this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the shares are owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms commented on AMZN. Robert W. Baird raised their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-three gave it a buy rating and one gave it a strong buy rating. According to MarketBeat data, the stock’s current average rating is “Buy” and the consensus price target is $213.82.

Read our latest stock analysis on AMZN

Amazon.com stock performance

Shares of NASDAQ:AMZN opened at $184.06 on Tuesday. The company’s 50-day simple moving average is $182.90 and its 200-day simple moving average is $170.62. The company’s market capitalization is $1.92 trillion, its price-to-earnings ratio is 51.56, its P/E/G ratio is 1.32, and its beta is 1.14. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, 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. As a group, sell-side analysts forecast that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Amazon.com 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.

Amazon.com Confidential Transactions

Analyst Upgrades and Downgrades

Amazon.com stock performance

Amazon.com profile

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