Amazon.com, Inc. (AMZN) Stake Increased by Tufton Capital Management

Tufton Capital Management increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 287 shares of the e-commerce giant’s stock after acquiring an additional 57 shares during the period. Tufton Capital Management’s holdings in Amazon.com were worth $431,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMZN. DORCHESTER WEALTH MANAGEMENT Co grew its stake in Amazon.com by 4.1% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 154 shares of the e-commerce giant’s stock valued at $231,000 after acquiring an additional 6 shares in the last quarter. Boltwood Capital Management grew its stake in Amazon.com by 1.9% during the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after acquiring an additional 7 shares in the last quarter. Mascoma Wealth Management LLC grew its stake in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. Cordasco Financial Network grew its stake in Amazon.com by 17.4% during the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock valued at $81,000 after acquiring an additional 8 shares in the last quarter. Finally, Heritage Trust Co grew its stake in Amazon.com by 3.4% during the fourth quarter. Heritage Trust Co now owns 272 shares of the e-commerce giant’s stock valued at $409,000 after acquiring an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 55.96% of the company’s stock.

In other news, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the completion of the sale, the senior vice president now owns 46,596 shares in the company, valued at approximately $75,314,978.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. Insiders have sold a total of 9,575 shares of company stock valued at $16,638,758 in the last quarter. 16.10% of the stock is currently owned by company insiders.

Amazon.com stock opened at $1,921.00 on Wednesday. The stock has a market capitalization of $966.18 billion, a PE ratio of 95.38, a PEG ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS. Research analysts forecast that Amazon.com, Inc. will post 26.59 EPS for the current year.

A number of equities analysts have commented on AMZN shares. Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Friday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $2,300.00 price objective (down from $2,400.00) on shares of Amazon.com in a research note on Friday, February 1st. Benchmark dropped their price objective on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Finally, BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $2,181.89.

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Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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