Amazon.com, Inc. $AMZN Shares Bought by Baxter Bros Inc.

Baxter Bros Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 70,378 shares of the e-commerce giant’s stock after purchasing an additional 4,524 shares during the period. Amazon.com comprises 1.8% of Baxter Bros Inc.’s investment portfolio, making the stock its 16th biggest position. Baxter Bros Inc.’s holdings in Amazon.com were worth $15,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the second quarter worth about $27,438,011,000. Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth about $11,674,091,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $232.52 on Monday. The company has a fifty day simple moving average of $231.09 and a 200-day simple moving average of $226.27. The firm has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.60 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the business posted $1.43 earnings per share. Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 82,234 shares of company stock worth $19,076,767. 10.80% of the stock is owned by company insiders.

Trending Headlines about Amazon.com

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. DA Davidson increased their price target on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. BMO Capital Markets increased their target price on Amazon.com from $300.00 to $304.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Rosenblatt Securities reissued a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a research note on Thursday, December 4th. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research report on Monday, December 22nd. Finally, Guggenheim raised shares of Amazon.com to a “strong-buy” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.50.

View Our Latest Analysis on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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