Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,610 shares of the e-commerce giant’s stock after purchasing an additional 1,377 shares during the period. Amazon.com makes up approximately 1.1% of Hanson & Doremus Investment Management’s portfolio, making the stock its 15th biggest holding. Hanson & Doremus Investment Management’s holdings in Amazon.com were worth $6,935,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. 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. Beck Bode LLC purchased a new position in Amazon.com during the 2nd quarter valued at about $651,000. Itau Unibanco Holding S.A. raised its position in Amazon.com by 107.8% during the second quarter. Itau Unibanco Holding S.A. now owns 452,109 shares of the e-commerce giant’s stock worth $87,370,000 after acquiring an additional 234,577 shares during the last quarter. Fernbridge Capital Management LP lifted its holdings in shares of Amazon.com by 22.4% in the second quarter. Fernbridge Capital Management LP now owns 698,553 shares of the e-commerce giant’s stock valued at $134,995,000 after purchasing an additional 127,751 shares in the last quarter. Finally, First City Capital Management Inc. grew its position in shares of Amazon.com by 1.3% in the second quarter. First City Capital Management Inc. now owns 16,606 shares of the e-commerce giant’s stock valued at $3,209,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMZN shares. The Goldman Sachs Group raised their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Susquehanna upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two equities 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 presently has an average rating of “Moderate Buy” and an average target price of $260.74.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock worth $9,324,151. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.0 %

Shares of AMZN stock opened at $226.63 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $228.22 and its two-hundred day moving average is $203.44. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.40 trillion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.