Foster Dykema Cabot & Co. Inc. MA raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,798.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,860 shares of the e-commerce giant's stock after acquiring an additional 159,016 shares during the quarter. Amazon.com makes up about 2.2% of Foster Dykema Cabot & Co. Inc. MA's investment portfolio, making the stock its 12th biggest position. Foster Dykema Cabot & Co. Inc. MA's holdings in Amazon.com were worth $17,829,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cinctive Capital Management LP purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $1,460,000. MFA Wealth Advisors LLC boosted its position in shares of Amazon.com by 0.8% during the 4th quarter. MFA Wealth Advisors LLC now owns 1,946 shares of the e-commerce giant's stock valued at $6,486,000 after acquiring an additional 15 shares during the last quarter. Means Investment CO. Inc. boosted its position in shares of Amazon.com by 4.4% during the 4th quarter. Means Investment CO. Inc. now owns 11,494 shares of the e-commerce giant's stock valued at $38,325,000 after acquiring an additional 488 shares during the last quarter. Marietta Investment Partners LLC boosted its position in shares of Amazon.com by 1.6% during the 4th quarter. Marietta Investment Partners LLC now owns 1,375 shares of the e-commerce giant's stock valued at $4,585,000 after acquiring an additional 21 shares during the last quarter. Finally, Mane Global Capital Management LP bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $50,562,000. 57.15% of the stock is owned by institutional investors.
Get Amazon.com alerts:Amazon.com Price Performance
AMZN opened at $115.88 on Tuesday. The business's 50-day moving average is $129.70 and its two-hundred day moving average is $128.31. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68. The firm has a market capitalization of $1.18 trillion, a PE ratio of 103.88, a price-to-earnings-growth ratio of 5.07 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analysts' expectations of $119.16 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company's quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 0.98 earnings per share for the current fiscal year.Insider Buying and Selling at Amazon.com
In other news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,078,069.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total transaction of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $16,078,069.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 10,480 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the transaction, the senior vice president now directly owns 60,260 shares in the company, valued at $8,738,302.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,148 shares of company stock worth $9,862,196. 12.70% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Itau BBA Securities assumed coverage on Amazon.com in a research report on Tuesday, July 26th. They set an "outperform" rating and a $146.00 target price for the company. Mizuho lowered their target price on Amazon.com from $197.50 to $155.00 and set a "buy" rating for the company in a research report on Thursday, July 21st. They noted that the move was a valuation call. Telsey Advisory Group raised their price target on Amazon.com from $145.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, July 29th. JMP Securities raised their price target on Amazon.com from $172.50 to $180.00 and gave the stock a "market outperform" rating in a research report on Friday, July 29th. Finally, Truist Financial lowered their price target on Amazon.com from $180.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, September 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.05.
About Amazon.com
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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