New England Research & Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 26.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,900 shares of the e-commerce giant’s stock after buying an additional 1,425 shares during the period. New England Research & Management Inc.’s holdings in Amazon.com were worth $580,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp raised its position in shares of Amazon.com by 1.0% during the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC raised its position in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Finally, Northern Trust Corp raised its position in shares of Amazon.com by 1,867.0% during the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. 57.64% of the stock is owned by institutional investors and hedge funds.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $98.95 on Friday. The business has a 50 day moving average price of $97.01 and a 200 day moving average price of $101.53. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their target price on Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Robert W. Baird upped their price target on Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Barclays upped their price target on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research report on Thursday. Finally, New Street Research initiated coverage on Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.72.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last 90 days. 12.70% of the stock is owned by company insiders.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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