Hazlett Burt & Watson Inc. Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hazlett Burt & Watson Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 25,407 shares of the e-commerce giant’s stock after purchasing an additional 667 shares during the period. Amazon.com accounts for about 2.4% of Hazlett Burt & Watson Inc.’s portfolio, making the stock its 5th largest position. Hazlett Burt & Watson Inc.’s holdings in Amazon.com were worth $3,237,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC boosted its position in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares in the last quarter. Laurel Wealth Planning LLC raised its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the last quarter. PayPay Securities Corp raised its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com in the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com in the first quarter worth about $38,000. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the transaction, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at $294,458,086.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the sale, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at $294,458,086.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 16,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $143.76, for a total transaction of $2,415,168.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $7,044,240. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,829 shares of company stock valued at $8,885,713. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $170.53 on Thursday. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $172.50. The company has a 50-day simple moving average of $153.39 and a two-hundred day simple moving average of $141.60. The firm has a market capitalization of $1.77 trillion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts anticipate that Amazon.com, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. Benchmark boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Rosenblatt Securities boosted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Morgan Stanley boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Truist Financial boosted their price target on shares of Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $197.95.

Read Our Latest Report on Amazon.com

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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