Compton Financial Group LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Compton Financial Group LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,417 shares of the e-commerce giant’s stock after buying an additional 257 shares during the quarter. Amazon.com makes up about 0.1% of Compton Financial Group LLC’s portfolio, making the stock its 18th biggest position. Compton Financial Group LLC’s holdings in Amazon.com were worth $436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank bought a new position in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Jennison Associates LLC grew its stake in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after purchasing an additional 888,369 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial increased their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Mizuho increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company increased their target price on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Piper Sandler increased their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $217.38.

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Amazon.com Trading Up 0.2 %

Shares of Amazon.com stock opened at $199.79 on Thursday. The stock has a market cap of $2.08 trillion, a P/E ratio of 55.96, a P/E/G ratio of 1.43 and a beta of 1.15. The stock’s 50 day simple moving average is $187.26 and its 200-day simple moving average is $175.75. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

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

Insider Activity

In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,847,094 shares of company stock valued at $1,169,058,874. 10.80% of the stock is currently owned by company insiders.

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.

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

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