Bigelow Investment Advisors LLC Sells 292 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bigelow Investment Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,863 shares of the e-commerce giant’s stock after selling 292 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in Amazon.com were worth $1,651,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Members Trust Co grew its position in shares of Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp grew its position in Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its stake in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $189.50 on Friday. Amazon.com, Inc. has a 12 month low of $108.05 and a 12 month high of $191.70. The firm has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The business has a fifty day simple moving average of $179.90 and a two-hundred day simple moving average of $161.81. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,187,979 shares of company stock worth $3,440,575,337 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Piper Sandler raised their price objective on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Bank of America upped their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $211.62.

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.