J.P. Marvel Investment Advisors LLC Has $29.79 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

J.P. Marvel Investment Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 135,775 shares of the e-commerce giant’s stock after selling 1,263 shares during the period. Amazon.com comprises 4.9% of J.P. Marvel Investment Advisors LLC’s investment portfolio, making the stock its 5th biggest position. J.P. Marvel Investment Advisors LLC’s holdings in Amazon.com were worth $29,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in shares of Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares in the last quarter. Swedbank AB lifted its stake in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares in the last quarter. LaFleur & Godfrey LLC lifted its stake in shares of Amazon.com by 38.8% during the 3rd quarter. LaFleur & Godfrey LLC now owns 48,547 shares of the e-commerce giant’s stock valued at $9,046,000 after buying an additional 13,560 shares in the last quarter. Indiana Trust & Investment Management Co lifted its stake in shares of Amazon.com by 15.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock valued at $7,901,000 after buying an additional 5,600 shares in the last quarter. Finally, Amplius Wealth Advisors LLC lifted its stake in shares of Amazon.com by 0.9% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock valued at $2,711,000 after buying an additional 132 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.1 %

Shares of AMZN opened at $197.95 on Friday. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $221.65 and a two-hundred day simple moving average of $207.50. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Roth Mkm upped their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Raymond James upped their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.