New England Research & Management Inc. raises stake in Amazon.com, Inc. (NASDAQ:AMZN)

New England Research & Management Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.9% in the 1st quarter, according to its latest 13F filing with the Securities & Exchange Commission. The company now owns 9,413 shares of the e-commerce giant after purchasing an additional 525 shares during the period. New England Research & Management Inc.’s stake in Amazon.com was worth $1,698,000, according to its latest SEC filing.

Other institutional investors also changed their holdings in the company. UniSuper Management Pty Ltd increased its stake in Amazon.com by 19.7% in the third quarter. UniSuper Management Pty Ltd now owns 1,536,939 shares of the e-commerce giant’s stock worth $195,376,000 after acquiring an additional 253,367 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Amazon.com by 55.8% in the third quarter. Acadian Asset Management LLC now owns 1,835,042 shares of the e-commerce giant’s stock worth $233,250,000 after acquiring an additional 656,909 shares in the last quarter. Azimuth Capital Investment Management LLC increased its position in shares of Amazon.com by 80.4% in the third quarter. Azimuth Capital Investment Management LLC now owns 169,864 shares of the e-commerce giant’s stock worth $21,593,000 after purchasing an additional 75,701 shares during the last quarter. Regal Investment Advisors LLC increased its holdings in Amazon.com by 0.4% in the third quarter. Regal Investment Advisors LLC now owns 70,019 shares of the e-commerce giant’s stock worth $8,901,000 after purchasing an additional 270 shares during the last quarter. Finally, Cardiff Park Advisors LLC increased its holdings in Amazon.com by 0.5% during the third quarter. Cardiff Park Advisors LLC now owns 49,559 shares of the e-commerce giant’s stock worth $6,300,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com drops 1.2%

AMZN stock opened at $197.59 on Friday. The company has a 50-day simple moving average of $185.10 and a 200-day simple moving average of $174.15. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a P/E/G ratio of 1.43, and a beta of 1.15. The Amazon.com, Inc. stock has a 52-week low of $118.35, and a high of $200.43. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com revenue increased 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company reported $0.31 earnings per share. Analysts, on average, forecast that Amazon.com, Inc. will report earnings of $4.72 per share for the current fiscal year.

Analysts set new price targets

Several research analysts have recently issued reports on AMZN stock. Goldman Sachs Group raised their price objective for Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Barclays raised their price objective for Amazon.com stock from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on Amazon.com stock in a research report on Wednesday, May 1. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on Amazon.com stock in a research report on Wednesday, May 1. Finally, Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $215.86.

Get our latest stock analysis on AMZN

Amazon.com Internal Transactions

In related 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 sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, July 1. The shares were sold at an average price of $195.99, for a total transaction value of $685,965.00. Following the completion of the sale, the CEO now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC website. Additionally, 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 directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. Disclosure of this sale can be found here. Insiders have sold a total of 69,548 shares of the company’s stock valued at $12,774,204 over the last ninety days. Corporate insiders currently own 10.80% of the stock.

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.

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