High Pines Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,132 shares of the e-commerce giant’s stock after buying an additional 53 shares during the period. Amazon.com accounts for 3.1% of High Pines Wealth Management LLC’s portfolio, making the stock its 15th biggest position. High Pines Wealth Management LLC’s holdings in Amazon.com were worth $3,502,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Advanced Research Investment Solutions LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $26,000. Resolute Partners Group purchased a new position in Amazon.com in the fourth quarter valued at about $26,000. Cowa LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $32,000. Tacita Capital Inc purchased a new stake in shares of Amazon.com during the fourth quarter worth about $39,000. Finally, Kinloch Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 56.39% of the company’s stock.
NASDAQ:AMZN opened at $3,372.20 on Monday. The stock’s 50 day moving average price is $3,112.52 and its 200 day moving average price is $3,177.10. The company has a market capitalization of $1.70 trillion, a PE ratio of 98.75, a P/E/G ratio of 2.37 and a beta of 1.19. The company has a quick ratio of 0.88, a current ratio of 1.11 and a debt-to-equity ratio of 0.40. Amazon.com, Inc. has a 52-week low of $2,038.00 and a 52-week high of $3,552.25.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share for the quarter, beating the consensus estimate of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company had revenue of $125.56 billion for the quarter, compared to the consensus estimate of $119.73 billion. During the same period last year, the business posted $6.47 EPS. The company’s revenue was up 43.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on AMZN shares. Monness Crespi & Hardt boosted their price target on Amazon.com from $4,000.00 to $4,250.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Evercore ISI restated an “outperform” rating and set a $4,000.00 price target on shares of Amazon.com in a research note on Tuesday, April 6th. Credit Suisse Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 4th. Cowen upped their target price on Amazon.com from $4,350.00 to $4,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Finally, Susquehanna upped their target price on Amazon.com from $4,000.00 to $5,200.00 and gave the company a “positive” rating in a research report on Wednesday, February 3rd. Two analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $3,930.67.
In other news, Director Judith A. Mcgrath sold 340 shares of the firm’s stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares of the company’s stock, valued at approximately $6,603,446.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David H. Clark sold 1,019 shares of the firm’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the completion of the sale, the chief executive officer now directly owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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