Baker Ellis Asset Management LLC Has $2.50 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Baker Ellis Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,430 shares of the e-commerce giant’s stock after selling 260 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Amazon.com were worth $2,496,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMZN. Mayflower Financial Advisors LLC raised its holdings in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the period. PayPay Securities Corp increased its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in Amazon.com in the 4th quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $181.28 on Thursday. The company has a 50-day moving average of $177.09 and a 200-day moving average of $156.36. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Susquehanna upped their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Tuesday. Piper Sandler upped their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $202.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,798,456 in the last quarter. 12.70% of the stock is owned by corporate insiders.

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.