Baxter Bros Inc. Increases Share Position in Amazon.com, Inc. (NASDAQ:AMZN)

Baxter Bros Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.6% in the first quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The institutional investor holds 28,601 shares of the e-commerce giant after purchasing an additional 2,746 shares during the period. Baxter Bros Inc.’s stake in Amazon.com was worth $5,159,000, according to a recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their holdings in AMZN. James Hambro & Partners increased its holdings in Amazon.com by 5.0% in the first quarter. James Hambro & Partners now owns 577,892 shares of the e-commerce giant’s stock worth $104,154,000 after purchasing an additional 27,365 shares in the last quarter. Tenon Financial LLC acquired a new stake in Amazon.com shares in the first quarter worth about $806,000. Glass Jacobson Investment Advisors llc increased its holdings in Amazon.com shares by 1.1% in the first quarter. Glass Jacobson Investment Advisors llc now owns 7,397 shares of the e-commerce giant’s stock worth $1,334,000 after purchasing an additional 84 shares in the last quarter. Phoenix Wealth Advisors increased its holdings in Amazon.com by 2.0% in the first quarter. Phoenix Wealth Advisors now owns 3,509 shares of the e-commerce giant’s stock worth $633,000 after purchasing an additional 70 shares in the last quarter. Finally, Nadler Financial Group Inc. increased its holdings in Amazon.com by 0.7% in the first quarter. Nadler Financial Group Inc. now owns 39,369 shares of the e-commerce giant’s stock worth $7,101,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders are betting

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated 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 transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 1,532,985 shares of the company’s stock valued at $305,578,679. Company insiders own 10.80% of the stock.

Changes in analyst ratings

Several analysts have recently issued reports on shares of AMZN. Raymond James raised their price objective for shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research note on Wednesday, May 1. Morgan Stanley raised their price objective for Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1. Goldman Sachs Group raised their price target for Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Moffett Nathanson reissued a “buy” rating and set a $228.00 price target for shares of Amazon.com in a research note on Thursday, April 11. Finally, Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1. One investment analyst rated the stock a “hold”, forty-three gave a buy rating, and one gave a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Check out our latest analysis on Amazon.com

Amazon.com Stock Performance

NASDAQ AMZN stock opened at $200.00 on Friday. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average price is $185.99 and its two-hundred day moving average is $174.63. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.41 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its 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 analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 earnings per share. Sell-side analysts are forecasting that Amazon.com, Inc. will report earnings of $4.72 per share for the current year.

Amazon.com Profile

(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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