Kidder Stephen W lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,853 shares of the e-commerce giant’s stock after selling 726 shares during the period. Amazon.com accounts for approximately 3.7% of Kidder Stephen W’s portfolio, making the stock its 8th largest position. Kidder Stephen W’s holdings in Amazon.com were worth $11,958,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Forbes J M & Co. LLP boosted its stake in Amazon.com by 2.4% in the first quarter. Forbes J M & Co. LLP now owns 187,255 shares of the e-commerce giant’s stock valued at $35,627,000 after acquiring an additional 4,422 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Amazon.com by 11.1% during the first quarter. Venturi Wealth Management LLC now owns 76,864 shares of the e-commerce giant’s stock worth $14,624,000 after buying an additional 7,665 shares during the period. Oak Thistle LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $2,710,000. Teramo Advisors LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $339,000. Finally, First National Bank of Hutchinson boosted its stake in shares of Amazon.com by 3.8% during the first quarter. First National Bank of Hutchinson now owns 25,582 shares of the e-commerce giant’s stock worth $4,867,000 after buying an additional 937 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Down 0.8%
Shares of Amazon.com stock opened at $221.95 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.37 trillion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a 50-day moving average of $222.30 and a two-hundred day moving average of $208.35.
Insider Transactions at Amazon.com
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492 over the last three months. Company insiders own 9.70% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on AMZN. Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Piper Sandler increased their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Rosenblatt Securities increased their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, JMP Securities restated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $262.87.
Get Our Latest Stock Analysis on Amazon.com
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.
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