Hemenway Trust Co LLC Buys 8,277 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hemenway Trust Co LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,165 shares of the e-commerce giant’s stock after buying an additional 8,277 shares during the quarter. Amazon.com makes up approximately 3.8% of Hemenway Trust Co LLC’s portfolio, making the stock its 8th biggest position. Hemenway Trust Co LLC’s holdings in Amazon.com were worth $47,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the fourth 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 acquired a new position in Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,426,963 shares of company stock worth $757,297,707. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.5%

Shares of NASDAQ AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day moving average price is $206.44 and its 200-day moving average price is $208.62. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued 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 for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. Truist Financial boosted their price objective on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer boosted their price objective on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group decreased their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.60.

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.