Fernwood Investment Management LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Fernwood Investment Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,110 shares of the e-commerce giant’s stock after acquiring an additional 180 shares during the quarter. Amazon.com accounts for 1.8% of Fernwood Investment Management LLC’s holdings, making the stock its 11th largest position. Fernwood Investment Management LLC’s holdings in Amazon.com were worth $6,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMZN. BluePath Capital Management LLC purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $1,509,000. Ferguson Shapiro LLC increased its position in shares of Amazon.com by 7.1% during the third quarter. Ferguson Shapiro LLC now owns 5,799 shares of the e-commerce giant’s stock worth $737,000 after purchasing an additional 382 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of Amazon.com by 3.4% during the third quarter. Adams Diversified Equity Fund Inc. now owns 556,400 shares of the e-commerce giant’s stock worth $70,730,000 after purchasing an additional 18,300 shares in the last quarter. Deane Retirement Strategies Inc. increased its position in shares of Amazon.com by 7,872.6% during the third quarter. Deane Retirement Strategies Inc. now owns 27,107 shares of the e-commerce giant’s stock worth $3,444,000 after purchasing an additional 26,767 shares in the last quarter. Finally, Invesco LLC increased its position in shares of Amazon.com by 0.8% during the third quarter. Invesco LLC now owns 70,086 shares of the e-commerce giant’s stock worth $8,909,000 after purchasing an additional 573 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,320 shares of company stock valued at $12,722,720. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. Telsey Advisory Group boosted their price target on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Evercore ISI boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research 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. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $211.62.

Amazon.com Stock Performance

NASDAQ AMZN opened at $183.15 on Wednesday. Amazon.com, Inc. has a 1-year low of $113.78 and a 1-year high of $191.70. The company has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a PEG ratio of 1.34 and a beta of 1.15. The business has a 50 day moving average price of $181.73 and a 200 day moving average price of $165.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal 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.