Amazon.com, Inc. (NASDAQ:AMZN) is Norman Fields Gottscho Capital Management LLC’s 8th Largest Position

Norman Fields Gottscho Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,226 shares of the e-commerce giant’s stock after buying an additional 461 shares during the quarter. Amazon.com makes up about 2.8% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 8th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Amazon.com were worth $7,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth about $46,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $57,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $182.81 on Thursday. The stock has a fifty day moving average price of $182.78 and a 200 day moving average price of $170.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $1.90 trillion, a PE ratio of 51.21, a P/E/G ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler upped their target price on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their price objective on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Tigress Financial lifted their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Telsey Advisory Group increased their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Loop Capital lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $213.82.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.