Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 469,299 shares of the e-commerce giant’s stock after purchasing an additional 8,789 shares during the period. Amazon.com accounts for approximately 2.5% of Massmutual Trust Co. FSB ADV’s investment portfolio, making the stock its 5th biggest position. Massmutual Trust Co. FSB ADV’s holdings in Amazon.com were worth $87,446,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Phillips Wealth Planners LLC raised its holdings in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the last quarter. Stonekeep Investments LLC bought a new position in shares of Amazon.com during the second quarter worth approximately $2,588,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the last quarter. Finally, Rockport Wealth LLC boosted its stake in Amazon.com by 2,240.6% in the 2nd quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant’s stock valued at $14,832,000 after purchasing an additional 73,470 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $192.73 on Thursday. Amazon.com, Inc. has a 1-year low of $131.71 and a 1-year high of $201.20. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 46.11, a PEG ratio of 1.38 and a beta of 1.14. The company’s fifty day moving average price is $184.20 and its two-hundred day moving average price is $183.64. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Sanford C. Bernstein raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. TD Cowen boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus lowered their target price on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, UBS Group boosted their price target on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.76.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. 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 firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,855 shares of company stock valued at $9,215,048. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.