NBT Bank N A NY Grows Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

NBT Bank N A NY increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,765 shares of the e-commerce giant's stock after purchasing an additional 6,946 shares during the period. Amazon.com makes up 1.5% of NBT Bank N A NY's portfolio, making the stock its 11th largest holding. NBT Bank N A NY's holdings in Amazon.com were worth $21,449,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC grew its holdings in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp increased its stake in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock valued at $1,119,463,000 after buying an additional 5,081,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN traded up $3.65 during trading on Friday, reaching $184.87. The company's stock had a trading volume of 50,532,441 shares, compared to its average volume of 41,604,472. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39. The firm has a fifty day simple moving average of $204.23 and a two-hundred day simple moving average of $208.54. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. Mizuho reduced their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Wells Fargo & Company reduced their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Finally, Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.19.

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.