Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Wilkins Investment Counsel Inc.

Posted by Defense World Staff on Aug 25th, 2023

Wilkins Investment Counsel Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 43.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,725 shares of the e-commerce giant’s stock after buying an additional 1,125 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Amazon.com were worth $385,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMZN. USAdvisors Wealth Management LLC grew its position in shares of Amazon.com by 12.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after acquiring an additional 359 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $426,000. Veritas Asset Management LLP lifted its holdings in shares of Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after purchasing an additional 1,286,797 shares during the last quarter. Mayfair Advisory Group LLC raised its stake in Amazon.com by 12.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after acquiring an additional 488 shares in the last quarter. Finally, Little House Capital LLC raised its stake in Amazon.com by 6.3% during the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after acquiring an additional 2,251 shares in the last quarter. Institutional investors and hedge funds own 56.67% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 1,177,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the transaction, the insider now owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the completion of the sale, the insider now owns 12,741,445 shares of the company’s stock, valued at $248,458,177.50. The disclosure for this sale can be found here. Insiders sold a total of 1,366,329 shares of company stock worth $48,990,512 in the last quarter. Corporate insiders own 12.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. Rosenblatt Securities upgraded Amazon.com from a “neutral” rating to a “buy” rating and lifted their price target for the company from $111.00 to $184.00 in a research report on Friday, August 4th. Jefferies Financial Group lifted their price target on Amazon.com from $135.00 to $150.00 in a report on Wednesday, June 21st. Loop Capital lifted their price objective on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday. CICC Research initiated coverage on Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein boosted their price target on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.87.

Get Our Latest Analysis on AMZN

Amazon.com Stock Performance

AMZN stock opened at $131.84 on Friday. The business’s fifty day moving average is $131.87 and its 200-day moving average is $114.57. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.36 trillion, a P/E ratio of 103.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $143.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Equities research analysts forecast that Amazon.com, Inc. will post 2.16 EPS for the current year.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.