Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lowered by New Hampshire Trust

New Hampshire Trust trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,000 shares of the e-commerce giant’s stock after selling 8,459 shares during the quarter. Amazon.com accounts for approximately 2.7% of New Hampshire Trust’s holdings, making the stock its 5th biggest holding. New Hampshire Trust’s holdings in Amazon.com were worth $11,725,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $43,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $46,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $57,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. Robert W. Baird boosted their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Argus upped their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Wells Fargo & Company upped their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $213.82.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $186.10 on Friday. The stock has a market cap of $1.94 trillion, a PE ratio of 52.13, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The stock has a fifty day simple moving average of $182.72 and a 200-day simple moving average of $171.06.

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