Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Atwater Malick LLC

Atwater Malick LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,009 shares of the e-commerce giant’s stock after acquiring an additional 500 shares during the period. Atwater Malick LLC’s holdings in Amazon.com were worth $1,538,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fiera Capital Corp increased its position in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares in the last quarter. GPM Growth Investors Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth about $10,269,000. Pursue Wealth Partners LLC grew its stake in Amazon.com by 4.9% in the 2nd quarter. Pursue Wealth Partners LLC now owns 27,117 shares of the e-commerce giant’s stock valued at $5,240,000 after acquiring an additional 1,275 shares during the last quarter. Vance Wealth Inc. increased its holdings in Amazon.com by 1.7% during the 2nd quarter. Vance Wealth Inc. now owns 12,943 shares of the e-commerce giant’s stock valued at $2,501,000 after acquiring an additional 216 shares in the last quarter. Finally, Commons Capital LLC raised its position in Amazon.com by 3.3% during the second quarter. Commons Capital LLC now owns 29,146 shares of the e-commerce giant’s stock worth $5,632,000 after acquiring an additional 931 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMZN shares. Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Raymond James upped their price objective on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group lifted their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Oppenheimer upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $250.33.

Amazon.com Stock Performance

Amazon.com stock opened at $237.68 on Friday. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. The stock has a 50 day moving average of $223.02 and a 200-day moving average of $198.55.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

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.