Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Chapin Davis Inc.

Chapin Davis Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,545 shares of the e-commerce giant’s stock after acquiring an additional 4,309 shares during the period. Amazon.com accounts for about 2.6% of Chapin Davis Inc.’s portfolio, making the stock its 5th biggest position. Chapin Davis Inc.’s holdings in Amazon.com were worth $7,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Walkner Condon Financial Advisors LLC grew its position in shares of Amazon.com by 4.5% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 11,947 shares of the e-commerce giant’s stock valued at $2,273,000 after buying an additional 514 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Amazon.com by 3.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 632,808 shares of the e-commerce giant’s stock worth $120,398,000 after buying an additional 18,409 shares during the period. Team Financial Group LLC raised its stake in Amazon.com by 13.9% during the 1st quarter. Team Financial Group LLC now owns 1,295 shares of the e-commerce giant’s stock worth $246,000 after buying an additional 158 shares during the period. Vantage Point Financial LLC raised its stake in shares of Amazon.com by 13.3% in the first quarter. Vantage Point Financial LLC now owns 10,796 shares of the e-commerce giant’s stock worth $2,054,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Verus Wealth Management LLC raised its stake in shares of Amazon.com by 8.1% in the first quarter. Verus Wealth Management LLC now owns 3,351 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. Bank of America increased their price target on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $249.42.

Amazon.com Stock Performance

Shares of AMZN opened at $225.69 on Tuesday. The business’s fifty day simple moving average is $210.69 and its two-hundred day simple moving average is $208.38. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the sale, the insider directly owned 905,679,901 shares of the company’s stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock worth $1,531,840,610 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.