Pettee Investors Inc. Has $3.03 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Pettee Investors Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,956 shares of the e-commerce giant’s stock after selling 810 shares during the period. Amazon.com accounts for about 1.3% of Pettee Investors Inc.’s portfolio, making the stock its 24th largest holding. Pettee Investors Inc.’s holdings in Amazon.com were worth $3,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Zevin Asset Management LLC increased its position in Amazon.com by 0.4% during the 4th quarter. Zevin Asset Management LLC now owns 129,492 shares of the e-commerce giant’s stock worth $19,675,000 after purchasing an additional 568 shares in the last quarter. Karpas Strategies LLC boosted its stake in Amazon.com by 51.3% during the fourth quarter. Karpas Strategies LLC now owns 2,595 shares of the e-commerce giant’s stock worth $394,000 after acquiring an additional 880 shares in the last quarter. US Asset Management LLC bought a new position in Amazon.com during the fourth quarter worth $3,568,000. Outfitter Financial LLC boosted its stake in Amazon.com by 0.5% during the fourth quarter. Outfitter Financial LLC now owns 19,728 shares of the e-commerce giant’s stock worth $2,997,000 after acquiring an additional 103 shares in the last quarter. Finally, Darwin Wealth Management LLC lifted its stake in shares of Amazon.com by 14.1% in the fourth quarter. Darwin Wealth Management LLC now owns 41,742 shares of the e-commerce giant’s stock valued at $6,342,000 after buying an additional 5,152 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 117,894 shares of company stock valued at $21,363,909 in the last three months. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Wedbush reiterated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $212.40.

Read Our Latest Report on Amazon.com

Amazon.com Stock Down 1.5 %

Shares of AMZN opened at $179.32 on Friday. The firm has a market cap of $1.87 trillion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70. The company’s 50-day moving average price is $182.39 and its 200 day moving average price is $167.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.