Atwood & Palmer Inc. Acquires 1,924 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atwood & Palmer Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,270 shares of the e-commerce giant's stock after acquiring an additional 1,924 shares during the quarter. Atwood & Palmer Inc.'s holdings in Amazon.com were worth $1,764,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC increased its position in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMZN shares. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Truist Financial dropped their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday. Finally, Rosenblatt Securities raised their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.81.

Amazon.com Price Performance

Shares of AMZN stock traded up $6.18 during mid-day trading on Friday, reaching $223.30. The company's stock had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. The firm's 50-day moving average is $202.26 and its two-hundred day moving average is $208.86. The company has a market cap of $2.37 trillion, a P/E ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

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

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company's stock.

Amazon.com Profile

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.