Barrett & Company Inc. Has $3.44 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Barrett & Company Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,633 shares of the e-commerce giant’s stock after selling 7,528 shares during the period. Amazon.com accounts for about 1.9% of Barrett & Company Inc.’s portfolio, making the stock its 17th largest position. Barrett & Company Inc.’s holdings in Amazon.com were worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its position in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC raised its stake in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Jennison Associates LLC grew its stake in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $610,138,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.5 %

Shares of AMZN opened at $177.23 on Tuesday. The business’s 50-day moving average price is $177.38 and its 200-day moving average price is $157.63. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The stock has a market cap of $1.84 trillion, a PE ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $202.80.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.