Amazon.com, Inc. (AMZN) Holdings Increased by Davis R M Inc.

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Davis R M Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 58.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,220 shares of the e-commerce giant’s stock after purchasing an additional 3,764 shares during the period. Davis R M Inc.’s holdings in Amazon.com were worth $15,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Park National Corp OH boosted its holdings in shares of Amazon.com by 2.8% in the third quarter. Park National Corp OH now owns 1,042 shares of the e-commerce giant’s stock worth $2,088,000 after buying an additional 28 shares during the period. Private Asset Management Inc. boosted its holdings in shares of Amazon.com by 2.5% in the third quarter. Private Asset Management Inc. now owns 4,741 shares of the e-commerce giant’s stock worth $9,496,000 after buying an additional 116 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Amazon.com by 33.8% in the third quarter. Sound Income Strategies LLC now owns 198 shares of the e-commerce giant’s stock worth $397,000 after buying an additional 50 shares during the period. Verde Servicos Internacionais S.A. boosted its holdings in shares of Amazon.com by 196.7% in the third quarter. Verde Servicos Internacionais S.A. now owns 1,902 shares of the e-commerce giant’s stock worth $3,233,000 after buying an additional 1,261 shares during the period. Finally, Fulton Bank N.A. boosted its holdings in shares of Amazon.com by 17.7% in the third quarter. Fulton Bank N.A. now owns 5,096 shares of the e-commerce giant’s stock worth $10,208,000 after buying an additional 768 shares during the period. Institutional investors and hedge funds own 56.11% of the company’s stock.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $18,111,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 1,645 shares of Amazon.com stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $16,146,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,075 shares of company stock worth $11,802,708. Insiders own 16.30% of the company’s stock.

AMZN has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Friday, December 21st. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a report on Saturday, December 22nd. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 target price for the company in a report on Monday, December 31st. Goldman Sachs Group decreased their price target on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a report on Friday, January 4th. Finally, Pivotal Research initiated coverage on shares of Amazon.com in a report on Monday, January 7th. They set a “buy” rating and a $1,920.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,139.02.

Shares of AMZN opened at $1,863.04 on Wednesday. The company has a market cap of $906.88 billion, a P/E ratio of 92.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same quarter last year, the firm earned $2.16 earnings per share. Analysts predict that Amazon.com, Inc. will post 26.66 earnings per share for the current year.

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Amazon.com Company Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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