S&CO Inc. Buys 320 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on May 18th, 2023

S&CO Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,072 shares of the e-commerce giant’s stock after buying an additional 320 shares during the quarter. S&CO Inc.’s holdings in Amazon.com were worth $2,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. Retirement Financial Solutions LLC bought a new position in Amazon.com during the 4th quarter worth approximately $32,000. 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 worth $34,000 after purchasing an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. Finally, Cowa LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.90, for a total value of $707,574.40. Following the transaction, the chief executive officer now owns 564,298 shares in the company, valued at $53,551,880.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,019 shares of company stock valued at $6,053,511. 12.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Piper Sandler raised their target price on Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Mizuho upped their price target on Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. Finally, Truist Financial lifted their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Price Performance

Shares of AMZN opened at $115.50 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The firm has a market cap of $1.19 trillion, a PE ratio of 275.00, a P/E/G ratio of 3.89 and a beta of 1.26. The firm has a fifty day simple moving average of $102.60 and a two-hundred day simple moving average of $96.79.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current year.

Amazon.com Profile

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

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