Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,888 shares of the e-commerce giant's stock after purchasing an additional 5,808 shares during the period. Amazon.com comprises approximately 4.3% of Hemenway Trust Co LLC's investment portfolio, making the stock its 6th biggest holding. Hemenway Trust Co LLC's holdings in Amazon.com were worth $52,629,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Katamaran Capital LLP bought a new stake in Amazon.com during the fourth quarter worth about $6,305,000. Aviva PLC increased its position in shares of Amazon.com by 2.4% during the 4th quarter. Aviva PLC now owns 5,797,979 shares of the e-commerce giant's stock worth $1,272,019,000 after purchasing an additional 134,391 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Amazon.com by 120.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 11,389 shares of the e-commerce giant's stock valued at $2,499,000 after buying an additional 6,225 shares during the last quarter. Gladstone Capital Management LLP grew its stake in shares of Amazon.com by 58,465.5% in the fourth quarter. Gladstone Capital Management LLP now owns 390,046 shares of the e-commerce giant's stock valued at $85,572,000 after buying an additional 389,380 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Amazon.com during the fourth quarter worth $7,407,000. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,298 shares of company stock valued at $23,818,478 over the last quarter. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a report on Friday. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. increased their price target on Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday. Finally, 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 report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $1.34 during midday trading on Tuesday, reaching $185.01. 28,305,174 shares of the company were exchanged, compared to its average volume of 41,616,201. The stock's 50-day moving average price is $189.92 and its 200-day moving average price is $208.04. The stock has a market cap of $1.96 trillion, a P/E ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.