Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Appleton Partners Inc. MA

Appleton Partners Inc. MA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,387 shares of the e-commerce giant’s stock after selling 5,009 shares during the quarter. Amazon.com makes up 2.7% of Appleton Partners Inc. MA’s investment portfolio, making the stock its 5th largest holding. Appleton Partners Inc. MA’s holdings in Amazon.com were worth $35,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. A.P. Gilfoyle & Co. L.P. boosted its position in Amazon.com by 1,469.0% in the first quarter. A.P. Gilfoyle & Co. L.P. now owns 1,569 shares of the e-commerce giant’s stock worth $283,000 after purchasing an additional 1,469 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in Amazon.com in the fourth quarter worth about $293,000. HighPoint Advisor Group LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $41,659,000. Fairman Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $328,000. Finally, Napatree Capital LLC purchased a new position in Amazon.com in the fourth quarter valued at approximately $1,148,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 65,838 shares of company stock valued at $11,984,344 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN traded down $2.57 during trading hours on Tuesday, reaching $181.49. 13,087,516 shares of the stock traded hands, compared to its average volume of 41,597,035. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.89 trillion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company’s 50-day moving average price is $182.90 and its two-hundred day moving average price is $170.62.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Piper Sandler lifted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Mizuho increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Maxim Group reduced their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Morgan Stanley boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $213.82.

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.