Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by ELCO Management Co. LLC

ELCO Management Co. LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,438 shares of the e-commerce giant’s stock after buying an additional 4,501 shares during the period. Amazon.com accounts for approximately 2.6% of ELCO Management Co. LLC’s investment portfolio, making the stock its 7th biggest holding. ELCO Management Co. LLC’s holdings in Amazon.com were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Planning LLC boosted its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC boosted its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. boosted its position in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its position in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its position in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $93.55 on Wednesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The company has a market cap of $958.63 billion, a P/E ratio of -349.05, a P/E/G ratio of 3.91 and a beta of 1.25. The business’s 50 day moving average is $95.31 and its two-hundred day moving average is $103.43. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the previous year, the business posted $1.39 EPS. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. The Goldman Sachs Group decreased their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Cowen increased their price target on Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, December 1st. Telsey Advisory Group decreased their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, January 24th. Wedbush decreased their price objective on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Finally, Robert W. Baird raised their price objective on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the sale, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by corporate insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.