Sippican Capital Advisors Buys Shares of 1,380 Amazon.com, Inc. (NASDAQ:AMZN)

Sippican Capital Advisors purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, Holdings Channel reports. The fund purchased 1,380 shares of the e-commerce giant’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of the business. PayPay Securities Corp raised its stake in 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. raised its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com, Inc. has a 1 year low of $103.31 and a 1 year high of $189.77. The firm’s 50-day simple moving average is $179.02 and its 200-day simple moving average is $160.32. The firm has a market cap of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities analysts forecast that Amazon.com, Inc. will post 4.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMZN shares. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday. UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday. Telsey Advisory Group increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $211.07.

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.