Amazon.com, Inc. (NASDAQ:AMZN) Position Increased by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,369 shares of the e-commerce giant’s stock after purchasing an additional 1,012 shares during the period. Amazon.com comprises about 1.8% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 14th largest holding. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $3,551,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Members Trust Co boosted its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares during the period. Cherrydale Wealth Management LLC boosted its holdings 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 valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp boosted its holdings 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 valued at $10,875,000 after acquiring an additional 2,273 shares during the period. Nicholas Company Inc. boosted its holdings 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 acquiring an additional 26,465 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of 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 acquiring an additional 277,631 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.6 %

Shares of Amazon.com stock opened at $176.44 on Friday. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a PEG ratio of 1.30 and a beta of 1.15. 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 stock has a 50 day moving average price of $182.34 and a two-hundred day moving average price of $167.37. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Citigroup upped their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $212.40.

View Our Latest Analysis on Amazon.com

Insider Activity

In other news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock valued at $21,363,909. 10.80% of the stock is owned by company insiders.

Amazon.com 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.

Further Reading

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

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