Reynders McVeigh Capital Management LLC Sells 3,150 Shares of Amazon.com, Inc. $AMZN

Reynders McVeigh Capital Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 164,705 shares of the e-commerce giant’s stock after selling 3,150 shares during the quarter. Amazon.com comprises 1.8% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 18th biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Amazon.com were worth $38,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intact Investment Management Inc. raised its position in shares of Amazon.com by 19.2% in the fourth quarter. Intact Investment Management Inc. now owns 43,330 shares of the e-commerce giant’s stock worth $10,001,000 after buying an additional 6,990 shares in the last quarter. Pachira Investments Inc. raised its position in shares of Amazon.com by 36.3% in the fourth quarter. Pachira Investments Inc. now owns 7,753 shares of the e-commerce giant’s stock worth $1,790,000 after buying an additional 2,066 shares in the last quarter. RIA Advisory Group LLC raised its position in shares of Amazon.com by 8.4% in the fourth quarter. RIA Advisory Group LLC now owns 28,703 shares of the e-commerce giant’s stock worth $6,625,000 after buying an additional 2,220 shares in the last quarter. Summit Wealth & Retirement Planning Inc. raised its position in shares of Amazon.com by 9.6% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 4,524 shares of the e-commerce giant’s stock worth $1,044,000 after buying an additional 395 shares in the last quarter. Finally, Provident Trust Co. raised its position in shares of Amazon.com by 9.5% in the fourth quarter. Provident Trust Co. now owns 1,618 shares of the e-commerce giant’s stock worth $373,000 after buying an additional 140 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.4%

AMZN opened at $265.29 on Wednesday. The company has a market cap of $2.85 trillion, a P/E ratio of 31.73, a P/E/G ratio of 1.99 and a beta of 1.46. The business’s 50-day moving average price is $241.79 and its 200-day moving average price is $231.93. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AMZN shares. Citigroup reiterated a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Amazon.com in a research report on Thursday, April 30th. BMO Capital Markets raised their price target on Amazon.com from $310.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Oppenheimer raised their price target on Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citizens Jmp restated a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, April 10th. Finally, Moffett Nathanson raised their price target on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.66.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,552,494 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Investor sentiment remains constructive after multiple articles highlighted Amazon’s strong AI and AWS growth potential, margin expansion case, and bullish analyst views, including recent buy/overweight ratings and price targets well above current levels. Article Title
• Positive Sentiment: Amazon’s latest quarterly revenue of $181.5 billion, up 16.6% year over year, reinforces the view that the business is still expanding at a healthy pace. Article Title
• Positive Sentiment: The stock is also being included in broader market “buy zone” and AI-leader discussions, suggesting traders still see Amazon as a favored large-cap growth name. Article Title

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.