Edmp Inc. Acquires 335 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Edmp Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,785 shares of the e-commerce giant’s stock after acquiring an additional 335 shares during the period. Amazon.com makes up approximately 1.4% of Edmp Inc.’s investment portfolio, making the stock its 28th largest holding. Edmp Inc.’s holdings in Amazon.com were worth $1,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC raised its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’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 disclosure for this sale can be found here. Insiders sold a total of 13,602,037 shares of company stock worth $3,044,172,641 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald lifted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Piper Sandler set a $250.00 target price on Amazon.com and gave the company an “overweight” rating in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $250.35.

Amazon.com Trading Down 1.4%

Shares of AMZN stock opened at $223.19 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.37 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The stock has a 50 day simple moving average of $212.21 and a 200 day simple moving average of $208.60. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.