Newman Dignan & Sheerar Inc. Has $3.03 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Newman Dignan & Sheerar Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,864 shares of the e-commerce giant’s stock after acquiring an additional 1,389 shares during the period. Amazon.com comprises about 1.0% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 28th largest holding. Newman Dignan & Sheerar Inc.’s holdings in Amazon.com were worth $3,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp boosted its holdings in shares of Amazon.com by 1.2% during the 2nd quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after buying an additional 3,970,330 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares during the period. Institutional investors own 57.96% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total transaction of $76,600.00. Following the completion of the sale, the chief executive officer now owns 119,560 shares of the company’s stock, valued at approximately $18,316,592. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,102,586 shares of company stock worth $5,486,351,747. Insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 0.9 %

Amazon.com stock opened at $168.59 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $88.12 and a 12-month high of $175.39. The firm’s fifty day moving average is $158.09 and its 200 day moving average is $144.34. The company has a market capitalization of $1.75 trillion, a PE ratio of 58.13, a PEG ratio of 1.49 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. HSBC assumed coverage on shares of Amazon.com in a research note on Thursday, November 2nd. They issued a “buy” rating and a $160.00 price objective for the company. StockNews.com upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Truist Financial lifted their price objective on shares of Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Raymond James lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, UBS Group lifted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $197.95.

Get Our Latest Stock Report on AMZN

Amazon.com Company Profile

(Free Report)

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

Further Reading

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

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