Canton Hathaway LLC Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canton Hathaway LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,795 shares of the e-commerce giant's stock after purchasing an additional 12,620 shares during the period. Amazon.com makes up approximately 1.3% of Canton Hathaway LLC's holdings, making the stock its 8th largest holding. Canton Hathaway LLC's holdings in Amazon.com were worth $6,430,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com during the 4th quarter worth approximately $51,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. The Goldman Sachs Group decreased their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Wedbush restated an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $248.31.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $222.26 on Friday. The company has a market capitalization of $2.36 trillion, a PE ratio of 36.20, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $209.20 and its 200 day simple moving average is $208.66.

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

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 384,124 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the transaction, the insider owned 901,995,325 shares of the company's stock, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is owned by corporate insiders.

Amazon.com Company 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.

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