Hanson & Doremus Investment Management Has $4.41 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hanson & Doremus Investment Management increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,022 shares of the e-commerce giant’s stock after acquiring an additional 418 shares during the period. Amazon.com comprises 0.8% of Hanson & Doremus Investment Management’s holdings, making the stock its 20th largest holding. Hanson & Doremus Investment Management’s holdings in Amazon.com were worth $4,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Eastern Bank boosted its stake in Amazon.com by 1.6% in the fourth quarter. Eastern Bank now owns 342,404 shares of the e-commerce giant’s stock valued at $52,025,000 after buying an additional 5,422 shares in the last quarter. Fiduciary Planning LLC lifted its holdings in shares of Amazon.com by 98.8% in the fourth quarter. Fiduciary Planning LLC now owns 4,271 shares of the e-commerce giant’s stock worth $649,000 after acquiring an additional 2,123 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Amazon.com by 10.2% in the 4th quarter. Confluence Wealth Services Inc. now owns 19,219 shares of the e-commerce giant’s stock valued at $2,920,000 after purchasing an additional 1,778 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant’s stock valued at $23,865,000 after purchasing an additional 9,108 shares during the last quarter. Finally, LA Financiere DE L Echiquier increased its position in Amazon.com by 1.2% during the 4th quarter. LA Financiere DE L Echiquier now owns 1,086,594 shares of the e-commerce giant’s stock worth $165,097,000 after purchasing an additional 12,645 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ AMZN opened at $173.67 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16. The company has a 50-day moving average price of $177.79 and a 200-day moving average price of $158.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the company posted $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research 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 on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Truist Financial lifted their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $205.13.

About Amazon.com

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.