Minot DeBlois Advisors LLC Makes New $3.21 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Minot DeBlois Advisors LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 14,647 shares of the e-commerce giant’s stock, valued at approximately $3,213,000. Amazon.com makes up about 2.9% of Minot DeBlois Advisors LLC’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth $27,000. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $206.02 on Wednesday. The business has a 50 day moving average of $190.38 and a 200-day moving average of $208.73. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.19 trillion, a P/E ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock valued at $20,018,625 over the last ninety days. 9.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Rosenblatt Securities boosted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Loop Capital lifted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

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.