Baskin Financial Services Inc. Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Baskin Financial Services Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 238,497 shares of the e-commerce giant’s stock after purchasing an additional 1,992 shares during the quarter. Amazon.com comprises 3.3% of Baskin Financial Services Inc.’s portfolio, making the stock its 13th largest position. Baskin Financial Services Inc.’s holdings in Amazon.com were worth $36,237,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC grew its stake in Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com during the fourth quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the first quarter worth $38,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Wells Fargo & Company upped their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Mizuho upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $201.98.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock opened at $183.32 on Wednesday. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $176.88 and its 200 day simple moving average is $156.19. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating 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 company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated 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 approximately $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,874,846 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com 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.