Grandfield & Dodd LLC Has $2.30 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Grandfield & Dodd LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,106 shares of the e-commerce giant’s stock after selling 142 shares during the period. Grandfield & Dodd LLC’s holdings in Amazon.com were worth $2,303,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was 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 approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $224.66 on Thursday. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 34.25, a PEG ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The business has a 50-day moving average of $220.60 and a 200-day moving average of $208.72. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Piper Sandler increased their price target on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $262.45.

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.