Charter Oak Capital Management LLC Purchases 153 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Charter Oak Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,940 shares of the e-commerce giant’s stock after buying an additional 153 shares during the period. Charter Oak Capital Management LLC’s holdings in Amazon.com were worth $751,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $57,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $49,000. Finally, AM Squared Ltd bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $76,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMZN shares. Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wolfe Research increased their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Susquehanna increased their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $205.13.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly 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 through this link. In other Amazon.com news, 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 transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $179.62 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The stock has a 50-day moving average of $177.99 and a two-hundred day moving average of $158.79. The stock has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.11 EPS for the current year.

Amazon.com Company 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.