Wilkins Investment Counsel Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wilkins Investment Counsel Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,433 shares of the e-commerce giant’s stock after buying an additional 108 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Amazon.com were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB grew its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new position in Amazon.com during the third quarter valued at approximately $279,000. Howard Capital Management Group LLC grew its holdings in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares in the last quarter. Meridian Management Co. increased its stake in Amazon.com by 27.6% in the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Pettinga Financial Advisors LLC grew its holdings in shares of Amazon.com by 4.3% in the third quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock valued at $1,027,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $172.51 on Monday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business’s fifty day simple moving average is $198.44 and its 200-day simple moving average is $208.23. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.83 trillion, a PE ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank increased their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Oppenheimer lifted their price target on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Truist Financial decreased their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Bank of America dropped their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.73.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is owned by insiders.

About Amazon.com

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.