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.

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.

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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