Amazon.com, Inc. (NASDAQ:AMZN) is Beaumont Financial Advisors LLC’s 9th Largest Position

Beaumont Financial Advisors LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 167,935 shares of the e-commerce giant’s stock after buying an additional 228 shares during the quarter. Amazon.com makes up approximately 2.3% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Beaumont Financial Advisors LLC’s holdings in Amazon.com were worth $25,516,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Members Trust Co raised its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp lifted its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. boosted its stake in shares of Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.8 %

Amazon.com stock opened at $189.50 on Friday. Amazon.com, Inc. has a 52 week low of $108.05 and a 52 week high of $191.70. The stock has a 50-day moving average price of $179.90 and a 200 day moving average price of $161.81. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the transaction, the insider now directly owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Argus increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Truist Financial lifted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. TD Cowen increased their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Evercore ISI lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $211.62.

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.