Manitou Investment Management Ltd. Has $40.39 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Manitou Investment Management Ltd. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,310 shares of the e-commerce giant's stock after purchasing an additional 19,859 shares during the period. Amazon.com makes up 7.9% of Manitou Investment Management Ltd.'s portfolio, making the stock its 3rd largest position. Manitou Investment Management Ltd.'s holdings in Amazon.com were worth $40,394,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. grew its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after acquiring an additional 45 shares in the last quarter. White Wing Wealth Management grew its stake in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after acquiring an additional 47 shares in the last quarter. Finally, Balanced Wealth Group LLC grew its stake in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 2.1%

NASDAQ AMZN opened at $212.77 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.26 trillion, a PE ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm's fifty day moving average is $199.60 and its two-hundred day moving average is $209.07.

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

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 2,695 shares of the business's 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 transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Truist Financial dropped their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Rosenblatt Securities boosted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Bank of America boosted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.64.

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.

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