Patrick M Sweeney & Associates Inc. makes a new $1.65 million investment in Amazon.com, Inc. (NASDAQ:AMZN)

Patrick M Sweeney & Associates Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). bought a new position at Amazon.com, Inc. (NASDAQ:AMZN – Free Report) in the fourth quarter . The institutional investor purchased 10,866 shares of the e-commerce giant’s stock worth approximately $1,651,000. Amazon.com is 1.5% of Patrick M. Sweeney & Associates Inc., making it the 15th largest company.

Other hedge funds and other institutional investors also bought and sold shares of the company. Members Trust Co increased its position 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 in shares of 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 purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its position 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 purchasing an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its position in Amazon.com shares by 3.9%. 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, Nordea Investment Management AB increased its position in shares of 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 purchasing an additional 277,631 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Amazon.com Confidential Transactions

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink. Therefore, Director Jonathan Rubinstein sold 5,556 shares of the company’s 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 $1,000,080.00. Following the transaction, the director now directly owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Additionally, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total value of $3,771,048.96. Following the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

Changes in analyst ratings

A number of brokerage houses have recently commented on AMZN. Monness Crespi & Hardt increased their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Piper Sandler increased their price target on Amazon.com from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating, forty-four have rated the stock with a buy rating and one has given it a strong buy rating. Based on data from MarketBeat.com, the company’s consensus rating is currently “Buy” and the average price target is $211.62.

Get our latest analysis on AMZN

Amazon.com turnover increase by 0.8%

AMZN opened at $182.15 on Wednesday. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.29 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70. The stock has a fifty-day moving average price of $182.29 and a 200-day moving average price of $166.95.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly 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 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 by 12.5% ​​compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.31. As a group, equity research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current financial year.

About Amazon.com

(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.

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