Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 45.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,709 shares of the e-commerce giant’s stock after purchasing an additional 4,600 shares during the period. Amazon.com makes up 1.3% of New England Research & Management Inc.’s holdings, making the stock its 18th largest position. New England Research & Management Inc.’s holdings in Amazon.com were worth $2,741,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB purchased a new stake in Amazon.com in the 1st quarter worth approximately $2,239,757,000. Capital World Investors grew its stake in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. Capital Research Global Investors increased its holdings in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $197.93 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average price is $184.82 and its two-hundred day moving average price is $183.76. The company has a market cap of $2.08 trillion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $136.47 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 4.84 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial increased their price target on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

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.