Argus Investors Counsel Inc. Purchases 5,894 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Argus Investors Counsel Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 42.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,630 shares of the e-commerce giant’s stock after acquiring an additional 5,894 shares during the period. Amazon.com accounts for 1.9% of Argus Investors Counsel Inc.’s portfolio, making the stock its 13th largest position. Argus Investors Counsel Inc.’s holdings in Amazon.com were worth $2,983,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Register Financial Advisors LLC lifted its holdings in Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares during the last quarter. Cherrydale Wealth Management LLC lifted 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 worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp raised its position in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares in the last quarter. Nicholas Company Inc. raised its position in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Amazon.com by 5.4% during 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. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Susquehanna raised their price target on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Truist Financial raised their price target on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Stifel Nicolaus raised their price target on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada raised their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 3.4 %

Shares of NASDAQ AMZN opened at $179.62 on Friday. The firm’s 50-day moving average price is $177.99 and its 200-day moving average price is $158.79. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm 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 was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

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.