First County Bank CT lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 43.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,199 shares of the e-commerce giant's stock after selling 11,461 shares during the period. Amazon.com accounts for 1.9% of First County Bank CT's portfolio, making the stock its 10th largest holding. First County Bank CT's holdings in Amazon.com were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. boosted its holdings in Amazon.com by 15.1% during the second quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant's stock worth $7,827,000 after buying an additional 5,300 shares during the last quarter. Tower View Wealth Management LLC raised its position in shares of Amazon.com by 10.8% in the 2nd quarter. Tower View Wealth Management LLC now owns 27,854 shares of the e-commerce giant's stock valued at $5,383,000 after acquiring an additional 2,717 shares during the period. HB Wealth Management LLC grew its holdings in Amazon.com by 21.6% during the second quarter. HB Wealth Management LLC now owns 353,290 shares of the e-commerce giant's stock valued at $68,273,000 after purchasing an additional 62,867 shares during the period. Westchester Capital Management Inc. grew its holdings in Amazon.com by 1.1% during the second quarter. Westchester Capital Management Inc. now owns 36,124 shares of the e-commerce giant's stock valued at $6,981,000 after purchasing an additional 405 shares during the period. Finally, Whittier Trust Co. increased its stake in Amazon.com by 2.8% in the second quarter. Whittier Trust Co. now owns 1,037,779 shares of the e-commerce giant's stock valued at $200,550,000 after purchasing an additional 27,789 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Stock Performance
Shares of Amazon.com stock traded up $5.28 during trading on Monday, reaching $225.94. The company's stock had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business's 50-day moving average price is $217.91 and its 200-day moving average price is $196.27. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $233.00. The firm has a market cap of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on AMZN shares. BMO Capital Markets restated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. TD Cowen boosted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Truist Financial increased their target price on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Roth Mkm lifted their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $245.65.
View Our Latest Stock Report on AMZN
About Amazon.com
(
Free Report)
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.
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