Canton Hathaway LLC Has $4.65 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Canton Hathaway LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,175 shares of the e-commerce giant’s stock after selling 50 shares during the period. Amazon.com makes up about 1.2% of Canton Hathaway LLC’s portfolio, making the stock its 13th biggest position. Canton Hathaway LLC’s holdings in Amazon.com were worth $4,646,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. AMF Tjanstepension AB raised its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB boosted its position in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC acquired a new stake in Amazon.com during the third quarter worth approximately $279,000. Howard Capital Management Group LLC increased its holdings in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after purchasing an additional 897 shares in the last quarter. Finally, Meridian Management Co. lifted its stake in Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after buying an additional 7,246 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Oppenheimer raised their target price on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group boosted their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value 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 a total of 102,298 shares of company stock worth $22,871,828 in the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 0.1 %

Amazon.com stock opened at $201.36 on Friday. The firm has a 50 day moving average price of $217.53 and a 200-day moving average price of $208.75. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.13 trillion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.