Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by AMG National Trust Bank

AMG National Trust Bank boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,280 shares of the e-commerce giant’s stock after buying an additional 6,273 shares during the quarter. AMG National Trust Bank’s holdings in Amazon.com were worth $25,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter valued at $30,000. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $46,000. Steph & Co. bought a new position in shares of Amazon.com during the first quarter valued at approximately $65,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $69,000. Finally, Advantage Trust Co acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. TD Securities upped their price objective on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Robert W. Baird upped their price target on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. The Goldman Sachs Group reduced their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Barclays raised their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Stock Down 0.9 %

AMZN opened at $184.89 on Tuesday. The business has a 50 day moving average price of $179.22 and a 200 day moving average price of $181.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market cap of $1.92 trillion, a P/E ratio of 51.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% 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.