Thomasville National Bank boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,668 shares of the e-commerce giant's stock after buying an additional 11,215 shares during the period. Amazon.com makes up about 5.1% of Thomasville National Bank's investment portfolio, making the stock its 2nd largest holding. Thomasville National Bank's holdings in Amazon.com were worth $68,694,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new position in shares of Amazon.com during the first quarter valued at $2,239,757,000. Capital World Investors boosted its position in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors increased its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Transactions at Amazon.com
In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company's stock, valued at $19,864,290.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,859 shares of company stock worth $10,215,097. Insiders own 10.80% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AMZN shares. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Robert W. Baird lifted their price objective on Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wells Fargo & Company downgraded Amazon.com from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $225.00 to $183.00 in a report on Monday, October 7th. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They issued an "outperform" rating and a $250.00 price objective on the stock. Finally, Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $234.55.
Check Out Our Latest Analysis on AMZN
Amazon.com Trading Down 0.6 %
Shares of AMZN stock traded down $1.34 during trading hours on Monday, reaching $206.84. 35,383,305 shares of the stock were exchanged, compared to its average volume of 41,411,441. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $212.25. The firm has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company's 50-day moving average price is $187.83 and its 200-day moving average price is $184.71.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company's quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 5.24 earnings per share for the current year.
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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