Boltwood Capital Management Acquires 819 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Boltwood Capital Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,861 shares of the e-commerce giant’s stock after buying an additional 819 shares during the period. Amazon.com comprises 0.9% of Boltwood Capital Management’s holdings, making the stock its 26th largest holding. Boltwood Capital Management’s holdings in Amazon.com were worth $3,018,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter worth about $25,000. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc grew 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 worth $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.9%

Shares of Amazon.com stock opened at $216.10 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business has a 50-day moving average of $196.38 and a two-hundred day moving average of $209.26. The company has a market capitalization of $2.29 trillion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. 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 posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Citizens Jmp lowered their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Benchmark reaffirmed a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Truist Financial lowered their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Evercore ISI lowered their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

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.