Appleton Partners Inc. MA Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Appleton Partners Inc. MA lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,406 shares of the e-commerce giant's stock after selling 1,228 shares during the period. Amazon.com comprises 2.7% of Appleton Partners Inc. MA's holdings, making the stock its 5th largest holding. Appleton Partners Inc. MA's holdings in Amazon.com were worth $35,275,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the 4th quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $54,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Raymond James Financial restated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Truist Financial boosted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday. They set a "strong-buy" rating for the company. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.42.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.2%

NASDAQ:AMZN traded up $2.76 during trading hours on Friday, reaching $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,089,069. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.67 and a beta of 1.33. The business's 50-day simple moving average is $209.90 and its two-hundred day simple moving average is $208.63.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business's revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.