Atwater Malick LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Atwater Malick LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 6.1% in the first quarter, according to the company’s latest SEC filing. The firm now owns 6,489 shares of the e-commerce giant after acquiring an additional 373 shares during the period. Atwater Malick LLC’s stake in Amazon.com was worth $1,170,000 at the end of the last quarter.

Several other hedge funds also modified their position in AMZN. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its stake in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after acquiring an additional 62 shares in the last quarter. Ballew Advisors Inc increased its holdings in shares of Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC increased its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst ratings upgrades and downgrades

AMZN has been the subject of multiple research analyst reports. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1. Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21. One investment analyst rated the stock a “hold,” forty-three have rated it a “buy,” and one has given the company a “strong buy” rating. The company currently has an average rating of “Buy” and an average price target of $215.86 based on data from MarketBeat.

Read our latest report on Amazon.com

Amazon.com shares down 1.2%

AMZN stock opened at $197.59 on Thursday. The company has a market capitalization of $2.06 trillion, a price to earnings ratio of 55.35, a price to earnings-growth ratio of 1.38 and a beta of 1.15. The company has a 50-day moving average price of $184.68 and a 200-day moving average price of $173.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current liquidity ratio of 0.87. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue increased 12.5% ​​compared to the same quarter last year. Sell-side analysts expect Amazon.com, Inc. to report earnings per share of $4.72 for the current year.

Insider Buying and Selling on Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction value of $620,515.00. Following the completion of the sale, the CEO now 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 & Exchange Commission and available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in legal documents filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29, for a total of $620,515.00. Following the completion of the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 69,548 shares of the company’s stock valued at $12,774,204. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. 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 multimedia content.

read more

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